PLS 1.32% $3.06 pilbara minerals limited

I agree that there is no sign of shorters covering based on...

  1. 9,562 Posts.
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    I agree that there is no sign of shorters covering based on available data so far.

    But it’s also pretty hard to imagine PLS below $3 again (especially now spot carb and spodumene prices appear to be indicating the bottom is already in. Of course this could be a very short term rebound, so I guess the jury is out on how long the rebound will last for.

    But that is a dangerous game to play - pure speculation that the current rebound in share price will fail soon and the downtrend will resume.

    It was a far safer play when spot prices were dropping every day.

    Anyway, we wait to see what happens next week.
 
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