I expect PLS will one day, once again have its place in my portfolio - struggling to see the market continuing to support the current level while the Shorters continue with their exposures:
Daily Gross Short Sales reported for 01-Jul-2024, ASX Limited (ASX) & Cboe Australia (CXA) 1 PLSPILBARA MINERALS LIMITEDFPO5,427,738
Daily Gross Short Sales reported for 02-Jul-2024, ASX Limited (ASX) & Cboe Australia (CXA) 1 PLSPILBARA MINERALS LIMITEDFPO18,949,591
Daily Gross Short Sales reported for 03-Jul-2024, ASX Limited (ASX) & Cboe Australia (CXA) 1 PLSPILBARA MINERALS LIMITEDFPO3,766,220
Daily Gross Short Sales reported for 04-Jul-2024, ASX Limited (ASX) & Cboe Australia (CXA) 1 PLSPILBARA MINERALS LIMITEDFPO1,856,662
Indicates they aren't done yet by a long shot!?
Shortman has them "SHORTS" sitting at above 20% of MC since Dec.1st 2023 through until July 1st 2024!
Until we see movement in the Lithium price - I expect the Shorters will continue their attack!?
PLS MC sitting at a MC of just above $9 Billion surely will need greater profitability to keep it where it is at?
I cut my losses just below $4, expecting Lithium to once again rise from the doldrums - in the meantime patience may reward the stayers, those shorters appear to still think there's time to play!?
Good News & Bad News, page-44113
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Last
$3.00 |
Change
-0.050(1.64%) |
Mkt cap ! $9.029B | |||
| Open | High | Low | Value | Volume |
| $3.03 | $3.06 | $3.00 | $41.07M | 13.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 97 | 622937 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 580 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |