For the sake of providng balance. Of the fund managers I've met over the last month, more are long than short. My guess is that a lot of insto money has positioned long and the market is waiting for the next catlyst. The trade at the moment is growth/tech so there just isnt the money chasing lithium right now.
In fact, managers who are more "value" tilted and conservative have been adding PLS over the last month which really suprised me. For example, I know these guys have added a reasonable sized position above benchmark across two of their funds:
https://www.lazardassetmanagement.com/au/en_us/funds/funds/lazard-australian-equity-fund/f182/s1/
For the sake of providng balance. Of the fund managers I've met...
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Last
$4.18 |
Change
0.010(0.24%) |
Mkt cap ! $12.58B | |||
| Open | High | Low | Value | Volume |
| $4.15 | $4.19 | $4.13 | $34.66M | 8.320M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 33565 | $4.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.18 | 49395 | 2 |
View Market Depth
| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
$4.15 |
Change
0.010 ( 0.22 %) |
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| Open | High | Low | Volume | ||
| $4.15 | $4.19 | $4.13 | 2555553 | ||
| Last updated 15.59pm 08/05/2024 ? | |||||
| PLS (ASX) Chart |