Wow, what a change a week does.Yes last week at 13, I was...

Wow, what a change a week does
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Yes last week at 13, I was thinking if sector doesn't play well, then 10 come into play. It got close, reached 11. But then boom. Now everything is different.
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I know a lot has already been written around this PLS buy. So I will leave it here. What I was writing about was how Li macro could affect LRS. How technicals could affect LRS. But there is a fundamental change now.
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Personally I was really thinking that if Li macro stays subdued, we could see 10c. I was waiting there. So I missed the buy at 11. Once announcement was made, its a different ball game. So have left it for now.
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I know many may have bought much higher and would not be happy. Those having bought lower would be fine. The way I look at it is that the announcement gave a 50+% increase in current environment. And this is not the end. Now the future lies with PLS. From my reading, and I could be wrong, in the current environment, this is like a windfall. Many may be thinking, I bought in mid-20s etc. Or I was looking to sell at $1. But Li macro and Li stocks are at very poor state. A gain of 50% gives a head start. If things turn around, then PLS may make all the gains which possibly LRS could. So I feel its a win-win situation for holders. I don't think I will be buying unless there is a new announcement which says something else. Those that held towards to a scare 10, well done. At least, even in this environment, potential of LRS has been recognised. I wish all holders well. Enjoy your weekend and all the best.