Let's try to un-pack this Clayton's Auction.FYI, just published this on PLS, but relevant here.
Personally I think this has backfired on PLS.
The auction was supposed to be transparent to establish a market price.
Which, by accepting an offer, is clearly not market forces at work.
That's if there was a bid?
This supposed Cotango, is just smoke and mirrors.
Auctioning a product that does not exist and not available for another 6-8 months...
Really guys, have you thought this through, it seems to be a late night thought bubble that did not bust in the laser light of morning rationalism.
No more BMX Auctions this year: clearly you have no spare product to Auction.
Is it any surprise that the CCP immediately spanked the Li futures price: not to me.
All you have succeeded in achieving is giving the Shorters a massive free kick, when, presumably, the opposite was the desired outcome?
The only positive i can find in this catastrophe is that PLS is running at capacity with no spare product.
Whilst I'm still a believer and buying on weakness, I don't think this has been your finest hour.
Let's try to un-pack this Clayton's Auction.
Personally I think this has backfired on PLS.
The auction was supposed to be transparent to establish a market price.
Which, by accepting an offer, is clearly not market forces at work.
That's if there was a bid?
This supposed Cotango, is just smoke and mirrors.
Auctioning a product that does not exist and not available for another 6-8 months...
Really guys, have you thought this through, it seems to be a late night thought bubble that did not burst in the laser light of morning rationalism.
No more BMX Auctions this year: clearly you have no spare product to Auction.
Is it any surprise that the CCP immediately spanked the Li futures price: not to me.
All you have succeeded in achieving is giving the Shorters a massive free kick, when, presumably, the opposite was the desired outcome?
The only positive i can find in this catastrophe is that PLS is running at capacity with no spare product.
Whilst I'm still a believer and buying on weakness, I don't think this has been your finest hour.
xanax
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Last
96.5¢ |
Change
0.050(5.46%) |
Mkt cap ! $2.340B |
Open | High | Low | Value | Volume |
92.0¢ | 98.0¢ | 92.0¢ | $15.00M | 15.73M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 148095 | 96.0¢ |
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Price($) | Vol. | No. |
---|---|---|
96.5¢ | 275693 | 4 |
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No. | Vol. | Price($) |
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5 | 147995 | 0.960 |
7 | 397387 | 0.955 |
10 | 353775 | 0.950 |
8 | 192891 | 0.945 |
5 | 320540 | 0.940 |
Price($) | Vol. | No. |
---|---|---|
0.965 | 275693 | 4 |
0.970 | 74523 | 5 |
0.975 | 12362 | 3 |
0.980 | 258574 | 11 |
0.985 | 115194 | 5 |
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