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
- Forums
- ASX - By Stock
- PLS chart
stop-loss positions are one of the reasons why the share price...
-
- There are more pages in this discussion • 4,424 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLS (ASX) to my watchlist
|
|||||
Last
$3.04 |
Change
0.100(3.40%) |
Mkt cap ! $8.954B |
Open | High | Low | Value | Volume |
$3.01 | $3.04 | $2.96 | $29.45M | 9.813M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
45 | 343836 | $3.03 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.04 | 503047 | 48 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
31 | 327209 | 3.030 |
32 | 271199 | 3.020 |
30 | 291029 | 3.010 |
29 | 350483 | 3.000 |
22 | 395664 | 2.990 |
Price($) | Vol. | No. |
---|---|---|
3.040 | 501626 | 37 |
3.050 | 408303 | 44 |
3.060 | 369201 | 34 |
3.070 | 378478 | 16 |
3.080 | 192753 | 14 |
Last trade - 12.54pm 11/07/2024 (20 minute delay) ? |
Featured News
PLS (ASX) Chart |