PLS (ASX) THE ASX IS BROKEN

Originally posted by Pete2019: ↑

Not sure how to start here, but maybe a few points:
0. The whole market is negative at the moment. Almost all shares can be expected to fall until the macro environment turns positive unless they are growing profits(not revenue) fast.
1. Then we get to one of the most important facts: one should know in trading is that the market doesn't own you anything. You are not magically entitled to make money in the share market. You have to earn it by making the right calls sometimes an not losing more than you make. About 90% of individuals supposedly are net losers in the stock market. Consider this before getting in. It is not for everyone.
2. If you believe the market is continually manipulated when your stcoks are not making you money, then you should rather sell out and stop stressing. There is no long term conspiracy theory at work here. Prices can be influenced by a number of factors and some manipulation in the short term, but if a company is growing profits(different from revenue) and actually banking cash, then it will worth more over time just beacuse of its bank balance and assets. If it remains too cheap, then some private equity concern will likely come round and execute a takeover. They love cash generating business. Everyone should love growing cash generating business. They are a sure way to make money. Look for these at reasonable prices and you are on to a sure winner. Not many of these. The best money to be made is if you can spot one before they start producing increasing amounts of cash.
3. The fact that you believe a stock is a good investment doesn't make it one despite what you may think. Not sure if you are holding the stocks mentioned, but what I mentioned in point #2 above just about applies to none of them. If something is loss making it cannot continue to do so without using someone else's money. Eventually people get tired of lending these business money(that is what you effectively do by investing in them and participating in capital raisings). When this happens the share price usually enters a death spiral after the hype dissapated.
4. The only time some "want to take your shares" is when they push the price up. When the price is dropping, it is nobody wanting to pay up for your shares. Big difference. We get back to the conspiracy theories and persecutory delusions. These days too many people believe too much nonsense. It is a consequence of not wanting to take responsibility for your own actions. Someone else is to blame... sure it is Someone else's fault that you bought shares that are falling.
5. If you buy a loss making company, then if they do not at some point turn a reasonable profit relative to its market cap that it can be reasonably expected that the share price will decline. In this case you would have speculated on a bright/profitable future, but got it wrong. As an example: MP1 has been lossmaking for years. Does this make it a good investment? The answer is emphatically "No". Could ut trade higher tomorrow? Yes, but it may be more likely to go lower(my view). No reason to own it. It doesn't show any clear path to reasonable profitability.

How does all this relate to PLS? Not too much. It is falling because of negative overall sentiment and concern that the lithium price may drop from its lofty heights. When owning the shares you have to make a call at this point if you think the lithium price will remain at reasonable levels for PLS to continue to print money(say SC6 prices remain above USD3000) or will it crash to below USD2000 as suggested by some investment banks. If SC prices remained above USD3000 for the foreseeable future, then PLS will turn out to be a good investment and shareholders will be rewarded with dividends or share buybacks even if the share price does not shoot the lights out.

it all comes back to point #1: the market doesn't owe you anything, but you are likely to make money if you pick a growing and profitable stock.

Expand

A breath of fresh air ... but do people really care enough about the need for transparent honesty?
And exposing clearly defined criminal manipulation?

Personal responsibility, Yes
Does that mean everyone, from the smallest to the largest?
Or are you advocating the Law of the Jungle?
I certainly hope not.

No.	Vol.	Price($)
3	325534	$2.89

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2	3279	2.880
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3279

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Price($)	Vol.	No.
2.900	96973	10
2.910	42271	5
2.920	98708	8
2.930	17775	3
2.940	105638	7

Price($)

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2.900

96973

2.910

42271

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105638

(20min delay)
Last $2.90		Change 0.160(5.84%)		Mkt cap ! $8.731B

Open	High	Low	Value	Volume
$2.83	$2.90	$2.80	$106.1M	37.06M

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