It took about a year to build that 20% of short positions. When the worm suddenly turns, and it will, they will have about two to three weeks to cover their asses. That, IMO, will be an impossible task, which has the potential to create one of the biggest short squeezes in ASX history; in turn, driving the PLS share price to irrational highs.
On the flipside, if we see any substantial decrease in short positions, then I'd call that a trigger to buy. That, and buying at the absolute bottom - if one has been astute or lucky enough to identify at a bargain, basement low.
ALL LIFE IS THE LUCK OF THE GAME - and one's ability to successfully strategize future outcomes; notwithstanding the chaos theoretical of the great unknowns.
If a man finds a good stock (wife), he is lucky. If a man finds a bad stock (wife), he becomes a philosopherComment thrown in as a weekend whimsy
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It took about a year to build that 20% of short positions. When...
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Last
$2.41 |
Change
-0.170(6.59%) |
Mkt cap ! $7.257B | |||
| Open | High | Low | Value | Volume |
| $2.57 | $2.60 | $2.41 | $64.35M | 25.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 123970 | $2.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.42 | 15148 | 3 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |