PLS 1.32% $3.06 pilbara minerals limited

reason for drop, page-11

  1. 2,257 Posts.
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    Too much panic for no reason and what's simple profit taking. Here's a scenario to illustrate the point. Let's assume I'm in the market for a VW Golf for $25K. I happen to buy 100,000 PLS shares at 47c and then it skyrockets to 74c two weeks later. I sell out and pocket $27K (yes, granted there are tax implications) and essentially buy a new car for 2 weeks work. Point is investors have varying motivations and agendas. For this type of investor, PLS has bought him/her a new car and they're smiling regardless of whether us long terms believe this is a $1,2 or $3 stock. Profit taking is inevitable and should be not be seen as something fundamentally wrong with the stock.
 
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Last
$3.06
Change
0.040(1.32%)
Mkt cap ! $9.210B
Open High Low Value Volume
$3.04 $3.12 $3.02 $47.88M 15.58M

Buyers (Bids)

No. Vol. Price($)
18 321604 $3.06
 

Sellers (Offers)

Price($) Vol. No.
$3.07 269930 12
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Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
PLS (ASX) Chart
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