PLS 3.83% $2.98 pilbara minerals limited

"PLS as a stock pumps and dumps aggressively."That's right. And...

  1. 5,508 Posts.
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    "PLS as a stock pumps and dumps aggressively."

    That's right. And the macro story is starting to wear thin.

    Uncomfortable questions include:

    a) Will the renewables roll out be as fast as you think?

    b) Supply EASILY caught up with demand in 2019. Why does lithium get a free pass to another halo now?

    c) Value stocks are going to look more attractive in this interest rate environment. Sorry, but lithium is a commodity at the end of the day. For Mums and Dads google "interest rates effect on commodities."

    d) Share price was $1.50 three weeks ago. Pumpers may not be taking profits but pros are. See Australian Super change in substantial notice.

    As holders, you are all exposed to a commodity. Many have forgotten this.

    Above is not financial advice and my opinion only.
 
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