High oil prices. Europe needs gas from Russia. All adds up to an even bigger push away from FF.
PLS was an 11 billion $ company. Currently back to approx’ 8. CY 2023 should see $2 billion in the bank. Ask yourselves is this sell off a chance to top up or panic? So the 296 entry was a bit early. The 263 yesterday is a lot closer to the bottom and if there is another drop, that is a gift.
Hardest part of all this is suppressing the anxiety of the little lady, like I had to at 13.5c.
US markets rebounded. After a big drop on open, Dow is back to Squarish and Nasdaq up 3%.
All that aside, the Aussie battery sector has been hit unfairly hard, IMO. Weak hands now flushed and reality will return at some stage. Then the scramble to jump back in after the worry wall crumbles. That should coincide with a BMX auction result of my upgraded target, $5100.
PLS chart, page-5318
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Last
$2.88 |
Change
-0.090(3.03%) |
Mkt cap ! $8.671B | |||
| Open | High | Low | Value | Volume |
| $2.86 | $2.91 | $2.84 | $30.37M | 10.56M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 62 | 217495 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.89 | 324293 | 81 |
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| Last trade - 14.45pm 02/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |