Partly, the reason I am on these PLS threads is to gauge conviction amongst the crowd.
Ever heard of mimetic theory and the madness of crowds?
When a holder gets 52 thumbs up for a post on Thursday that deems PLS $2.45 a buy, how certain the future is and how impossible the occurence of profit taking or a capital raising could be - says much.
Come Friday, PLS announce payment in shares to Altura NoteHolders (why not? market Cap $7 Billion). Later, proposed date of issue is 17/08/2021. Price falls to $2.33.
Ask yourself this: am I using my mind? Or am I being carried away with the crowd mind?
Above is not financial advice and my opinion only.
Tuesday 17/08/2021 - New shares being issued, page-38
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Last
$2.96 |
Change
-0.040(1.33%) |
Mkt cap ! $8.908B | |||
| Open | High | Low | Value | Volume |
| $3.01 | $3.02 | $2.93 | $37.13M | 12.56M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 13935 | $2.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.96 | 360494 | 9 |
View Market Depth
| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |