PLS 1.19% $4.15 pilbara minerals limited

At the outset, I do not disagree that short selling is having a...

  1. 372 Posts.
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    At the outset, I do not disagree that short selling is having
    a very negative impact on the proper functioning of stock markets
    all over the world. At the same time we need to guard against throwing
    the baby out with the bath water.

    When I first began investing around 1970 the only action available to
    an investor who was not happy with how a CEO or Board was running
    a company was to sell their shares or just publicly complain. The impact
    of those actions was negligible on the behavior of those bad CEO's or Boards.
    There was a true need to provide disgruntled shareholders with a tool.
    Short selling was that mechanism. When done by multiple big players,
    it causes a substantial reduction in the stock price thereby shinning
    a bright light on Management.

    Imho, the shorting of Pilbara is happening for one of two reasons.
    First, as many here believe, it is simply a blatant manipulation under
    a false flag that the market is now and will be oversupplied with lithium.
    Two, proper due diligence by a number of Institutions that resulted
    in a determination that the supply/demand equation was going
    to change to oversupply.

    Is it one or two? Are we now oversupplied? Will that condition
    remain for the next several years ?
    Place your bets.
 
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Last
$4.15
Change
-0.050(1.19%)
Mkt cap ! $12.49B
Open High Low Value Volume
$4.18 $4.19 $4.13 $81.93M 19.69M

Buyers (Bids)

No. Vol. Price($)
1 45688 $4.15
 

Sellers (Offers)

Price($) Vol. No.
$4.16 78493 3
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Last trade - 16.10pm 21/05/2024 (20 minute delay) ?
Last
$4.16
  Change
-0.050 ( 0.52 %)
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$4.19 $4.19 $4.13 3824343
Last updated 15.59pm 21/05/2024 ?
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