agreed re absurd highvaluation from JP Morgan $2.90 - $3.60 ATH...

agreed re absurd high

valuation from JP Morgan $2.90 - $3.60 ATH based on that is absurd but I’ve learnt never to trust Morgans in the early days of PLS so I’m happy to not take that into consideration.

Valuation from Macquarie $3.70. but even if we go with that rather than something in the middle, that’s meant to be a long term valuation. Running to $3.60 now is ridiculous.


my take on it is, unfortunately (or fortunately depending on how you view it) we have a situation in which every idiot and their idiot dog has now heard of PLS

so there are vast schools of tiny fish swimming in and out, covering signals with white noise

personally I’m hating it - if you buy at these prices your an idiot, but given all the idiots that are buying at these prices your an idiot if you don’t. they should correct but the tiny fish seem determined to double top or even get a new high before it does.

Murphy’s law at the moment if you buy, it will go down, if you don’t, it will go up

p

But then I’ve had shocking sinusitis for weeks so overall just crusty