Good morning Miss Sabine.......the WEEKLY lr chart below was...

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Saragian

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05/07/24

10:52

Post #: 74621613
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Originally posted by sabine ↑

Good morning Nolan,
I think you are absolutely right about PLS fundamentals.
And I actually DO agree with Richard Coppleson of Bell Potter in that media story I shared the other day (he owns it himself and says [link] he likes it a lot due to all the *it* )
But in responding to @kennethgalbraith ‘s discussion points that
“my view is - first - it depends on where you think it is likely to go.” and the points on ‘risk vs reward’:
I don’t need to convince myself to buy in now and ‘bide any further winter’ because PLS is fundamentally sound and, compared to recent past prices, is cheap.

However - for me -
• given the slings and arrows stuff around lithium,
• and the 20% or whatever of shorters
• and the fact there’s many millions of dollars being slung around here every day by giants playing discus with very heavy stones
• and the fact I’m an ordinary person - no Jack the Giant Killer

I’m happier holding just a few shares very lightly now and sitting on the fence until I see a bit of genuine ‘magic beanstalk’.
And I think that’s quite a sensible perspective - for me at my stage of learning myself and this world.

cheers

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Good morning Miss Sabine.......the WEEKLY lr chart below was posted on 19/06.

The 'bull trap/bear trap' scenario is still playing out (imo).

The WEEKLY closing price, relative to that KEY $3.04c. support/resistance level will be of interest.

Cheers.

PLS Price at posting: $3.05 Sentiment: None Disclosure: Not Held
8 Upvote

2 Great analysis

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