Yep Greenhorn. I remember the Poseidon boom in 1969. That was a share that just run, run, run and run some more.. Then it collapsed. A lot of people lost a lot of money chasing that one. I have seen so many booms and collapses.
Really good shares , game changers , don't boom all the time, they surge and correct.. Open a chart of CSL.ax from 1995 onwards and have a look to see what I am talking about.
I can see PLS copying something like parts of that path. I fully expect that when PLS gets to $7-8 it will correct. Same at $10-11 and so on.
But to continue on this path if will need to evolve down the supply chain (it already making the first steps towards this) and diversify to add to growth ( a bit like RIO). In the future Australia may even get to the stage where we build our own batteries for our own green energy wants. I would like to see PLS become a part of that process.
Maybe I am too old to see that happen.
cheers Lies
PLS chart, page-12517
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Last
$3.05 |
Change
-0.100(3.17%) |
Mkt cap ! $9.185B | |||
| Open | High | Low | Value | Volume |
| $3.13 | $3.15 | $3.02 | $74.55M | 24.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 89482 | $3.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.05 | 37502 | 3 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |