PLS 1.40% $2.89 pilbara minerals limited

Sold one third of my holding on Monday at $3.50 (my average...

  1. 689 Posts.
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    Sold one third of my holding on Monday at $3.50 (my average 40c). In hindsight wish I sold more but was reluctant because of the quarterly, BMX, Calix and Posco. Lot of uncertainty remains in the market. In the US the 7% inflation rate may require a 50 basis point interest rate hike and several more throughout the year. In Australia, inflation at 3.5%, interest rate hike to follow US lead. Inflation being driven by chip shortage causing massive increase in value in second hand cars. Fuel prices high and Covid causing transportation problems and further price increases in just about everything. Not to mention problems such as the Covid cases at Albemarle lithium plant. Add to that the Russians and the threat of war. I think anyone expecting to see a quick bounce may be disappointed (although I hope it happens) but taking some off the table has put me in a good position to be able to wait it out in-case of a long and protracted recovery. Also hurting on LTR (bought at $1.50, ouch) and AZL (bought at 3c). Go PLS.

 
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Last
$2.89
Change
0.040(1.40%)
Mkt cap ! $8.703B
Open High Low Value Volume
$2.78 $2.89 $2.78 $29.90M 10.51M

Buyers (Bids)

No. Vol. Price($)
2 39193 $2.88
 

Sellers (Offers)

Price($) Vol. No.
$2.89 73947 7
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Last trade - 16.10pm 01/11/2024 (20 minute delay) ?
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