PLS 3.40% $3.04 pilbara minerals limited

stop-loss positions are one of the reasons why the share price...

  1. 2,226 Posts.
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    stop-loss positions are one of the reasons why the share price drops so hard.

    If you know what you’re doing and have enough capital then hunting stop losses is a great way to get some shares cheaply… bit hard to do on such a big stock unless you have really deep pockets but given the percentage of PLS that’s been hypothecated and shorted I’d say it’s a very real part of the strategy. When you place a stop-loss position you effectively create a dark or off-screen sell order, it’s a perfect way to allow someone smarter and wealthier than you to take your shares..

    the only real way to set a stop-loss is to buy a put option or warrant. All this talk of manipulation is pretty much akin to not knowing how to hold a cricket bat or where to stand in your crease to then complain about getting bowled all the time… setting a stop loss EQUALS setting up your shares to go cheap. There would be plenty of Margin Loan stock from punters invested in PLS with a stop loss in place… dark sell order plus magnified position….. easy hunting
 
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Last
$3.04
Change
0.100(3.40%)
Mkt cap ! $8.954B
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$3.01 $3.04 $2.96 $29.45M 9.813M

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45 343836 $3.03
 

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$3.04 503047 48
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