I actually want to take a relatively largish position, ( for my finances anyway. ), but you are correct , the current downside risk seems FAR too high with the shorted shares outstanding.
IMO, we might see a small downtick by those retailers who are understandably nervous, BUT there is still way too much capital pushing against the SP.
A massive 5.14 double top perhaps, or something else?
EVERYTHING screams a buy, but that dark shadow is still too ominous. There just looks to be far too much soph capital, invested to the downside atm.
$4.38 was ny initial pivot to the up, but it well and truly jumped my 4.01 expected topside.
Great case study anyway, and if there IS a short squeeze, OR a short plummet, it may end up being a university study unit , once the dust finally settles.
Good News & Bad News, page-39804
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.15 |
Change
-0.025(0.60%) |
Mkt cap ! $12.47B | |||
| Open | High | Low | Value | Volume |
| $4.15 | $4.19 | $4.13 | $14.11M | 3.391M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 57 | 140630 | $4.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.15 | 113989 | 95 |
View Market Depth
| Last trade - 14.02pm 08/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$4.14 |
Change
-0.025 ( 0.46 %) |
||||
| Open | High | Low | Volume | ||
| $4.15 | $4.19 | $4.13 | 1464802 | ||
| Last updated 14.21pm 08/05/2024 ? | |||||
| PLS (ASX) Chart |