I actually want to take a relatively largish position, ( for my finances anyway. ), but you are correct , the current downside risk seems FAR too high with the shorted shares outstanding.
IMO, we might see a small downtick by those retailers who are understandably nervous, BUT there is still way too much capital pushing against the SP.
A massive 5.14 double top perhaps, or something else?
EVERYTHING screams a buy, but that dark shadow is still too ominous. There just looks to be far too much soph capital, invested to the downside atm.
$4.38 was ny initial pivot to the up, but it well and truly jumped my 4.01 expected topside.
Great case study anyway, and if there IS a short squeeze, OR a short plummet, it may end up being a university study unit , once the dust finally settles.
I actually want to take a relatively largish position, ( for my...
-
- There are more pages in this discussion • 5,079 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.80 |
Change
-0.030(1.06%) |
Mkt cap ! $8.429B | |||
| Open | High | Low | Value | Volume |
| $2.81 | $2.89 | $2.79 | $52.63M | 18.65M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 263602 | $2.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.82 | 8000 | 1 |
View Market Depth
| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |