PLS 3.09% $3.14 pilbara minerals limited

Just on your point ozblue: "3. Short interest, even though down...

  1. 3,073 Posts.
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    Just on your point ozblue:

    "3. Short interest, even though down from the 155m high to about 136m at present (4 day old data), during the last 5 trading days, 3 of them have above 40% gross short sales for the day. I would expect today to be a similar percentage, but we will not know until tomorrow.
    The shorts know people will be selling for tax loss reasons so are probably helping the share price down a bit to cover at a lower price, towards the end of tax loss selling period. In the last 5 years it has been very obvious that tax loss selling has occurred during May and June on the ASX200, with July usually showing a strong rebound (often starting mid to late June)."

    I hope share investors that do this realise that if they sell and then rebuy the stock in a short time frame. In the event of a tax office audit, they can get done for Part 4A tax avoidance. Under ATO share wash rules.

    If you sell off and don't rebuy however, I don't see a problem.
 
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$3.14
Change
-0.100(3.09%)
Mkt cap ! $9.450B
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$3.19 $3.20 $3.10 $101.3M 32.04M

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30 274897 $3.13
 

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Price($) Vol. No.
$3.14 246919 7
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Last trade - 16.10pm 17/06/2024 (20 minute delay) ?
Last
$3.13
  Change
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Last updated 15.59pm 17/06/2024 ?
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