Buy the rumour ... Sell the news. Well the rumour back in August 2023 was Goldman sachs bearish take on Lithium. Yesterday, ALB proved that lithium will meet those rumours. Soo...
Mate... If shorters opened their shorts this week PLS was trading $4.80 in August 2023 that would be up 80% on their positions on a rough estimate.
If shorters held for a year next week PLS was $5.32 on 8th August 2023 what would their position be up "%" wise?
You telling me that is not logical...
[edit: should add that the SOI is getting taken out of traders hands too. Aus Super tightening up shares along with the 22% short interest has limited shares. the beloved short squeeze everyone wants to happen well the foundation is starting to be there.]
PLS chart, page-22690
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Last
$2.86 |
Change
-0.200(6.54%) |
Mkt cap ! $8.608B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.96 | $2.85 | $61.44M | 21.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 163532 | $2.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.87 | 44591 | 3 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |