I think I'm right in saying that building big short positions...

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Tunnelthug

153 Posts.

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04/08/22

15:54

Post #: 62926408
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Originally posted by boerse: ↑

With so many educated HC members in this forum, may I ask if anyone here would in a position to explain in a few sentences, the 'techniques' used by certain institutions to keep a stock price (i.e. PLS) from rising. It really baffles me how this can be achieved, without them risking to lose money as well. I have just reviewed a table of global lithium producers (established and still in the developing stage) with their share pricing going up in high double digit percentage points whilst PLS is moving at a much slower pace. I sold some of my PLS holdings in February 2022 @ $3.35 for personal reasons (and since reinvested) when the company was worth far less than it is now. If banging my head against my apartment wall would be the answer, I would give that a try this afternoon. Thank you.

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I think I'm right in saying that building big short positions also is a means to depress share price as it would seem to rob confidence in a share if there are large outstanding numbers of shorts - nervous buyers think twice before taking the plunge perhaps, or offload if the herd looks like it's moving to the exits?

I note that Shortman currently says PLS is just under 2% short (outside the top 100, but only just). September 2021 to May 2022 saw an increase from virtually nothing to 3% - neatly coinciding with the Goldman Sucks report (allegedly)! It has subsequently dropped back to the current position of just under 2% - could this be on the back of better than expected BMX auctions and EoFY report......?

Just a hunch...!

PLS Price at posting: $2.77 Sentiment: Buy Disclosure: Held
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0 Great analysis

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