Thank you. I will reply PLS here. Your chart rattles me just a bit. I had set my exit at 6 but will monitor the sp. On 6 exit, its a substantial profit while 5 is a good profit.
PLS - Pilbara Minerals
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I rode part of the rise,was exited by a trailing sl but guess looking at the us market i will have plenty of opportunities to reenterin the coming weeks
Thank qldfrog. A good strategy. Have been doing it but the silly old me, when my pot is full, I hit the pub n money down the drain until I am sober.
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Love y
love your insight, if the lithium charge continue PLS will be the new BHP.
DrBourse
If you don't Ask, you don't Get.
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Careful with PLS Guys – TA has turned sour since my post last week.
Most TA now points to $3.88, or Lower to $3.30.
CCI (pages 108 & 109) is dropping into O’Sold Territory (pages 37 to 43).
MFI is still falling but not as dramatically (page 95).
Linear Regression (pages 139 to 142) shows that the SP is now dropping from it’s Top Band, and is it is probably heading for abt $3.60 within the ST.
Said last week that I did not know anything abt the PLS Financials – had a quick look today, Sheite!!!! – what a mess – years of virtually no recognisable financials – to the current June 2022 "Overstated & Overblown" figures – still no consistent Earnings, No Dividends, and a dozen or so other Financial figures that have jumped from years of Negative figures into reasonable (but unsubstantiated) figures.
Certainly NOT a Buffett Style Stock – It’s still in the ”Basket of Unknown Stocks”.
So, if you are going to re-enter PLS I hope it’s as a Short.
As Usual Remember to DYOR.
Cheers.
DrB
Most TA now points to $3.88, or Lower to $3.30.
CCI (pages 108 & 109) is dropping into O’Sold Territory (pages 37 to 43).
MFI is still falling but not as dramatically (page 95).
Linear Regression (pages 139 to 142) shows that the SP is now dropping from it’s Top Band, and is it is probably heading for abt $3.60 within the ST.
Said last week that I did not know anything abt the PLS Financials – had a quick look today, Sheite!!!! – what a mess – years of virtually no recognisable financials – to the current June 2022 "Overstated & Overblown" figures – still no consistent Earnings, No Dividends, and a dozen or so other Financial figures that have jumped from years of Negative figures into reasonable (but unsubstantiated) figures.
Certainly NOT a Buffett Style Stock – It’s still in the ”Basket of Unknown Stocks”.
So, if you are going to re-enter PLS I hope it’s as a Short.
As Usual Remember to DYOR.
Cheers.
DrB
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The other factor to be weary of is who will be buying lithium in a global slowdown? More specifically, will China still be buying lithium?
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Kept as my choice for october competition, but realistically, this could see an october capitulation and I doubt people will be dreaming of buying a tesla when their house will be seized, their accounts frozen..and shops closed.
BBOZ BBUS are taken so i stay in the trend
BBOZ BBUS are taken so i stay in the trend
explod
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Don't think so Frog. It has Just gone through good consolidation and will (in my view) continue it's rise from here.
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Hope so , bought a small packet at 4.51 today would really like to believe in it, but if the (financial) world collapses, pls will have to follow
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That is the real issue ATM in my opinion, if things get tight the only ones that survive are those that have a product ready to go, those that still need cash injections become collateral damage and the big players mop them up, or they go into hybernation.
explod
explod
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PLS is in full production of Lithium which is increasingly sought after and a growing shortage of world wide. They have no debt and thoughts are that dividends will be coming soon also due to the huge sales they are getting for their product.That is the real issue ATM in my opinion, if things get tight the only ones that survive are those that have a product ready to go, those that still need cash injections become collateral damage and the big players mop them up, or they go into hybernation.
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Well then they should be fine, I don't own any so am not aware of their specific situation.
But what I said, was of a general nature in a downturn and only from my own observations of past downturns.
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Have you seen their profits this year?
I am getting cross signals. In my humble opinion, I thought PLS is debt free as like you mentioned BUT Dr Bourse posted it quite differently.
Hmmmm..I have discarding entry at 4 but may consider 3 to 3.50 for Trading only.
explod
explod
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Could you post up a link to the good Doctor where he states that
0n this Thread FRI at 3.07 Post #185
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August 23rd 2022 Annual results extract.
Country Lad
Off into the sunset
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I know everybody here thinks P&F is comes from the fairies in the backyard, but my simple view is if it closes at 495 or higher there is more in it as a good hold. If it closes at 435 or less then I would need to consider whether I continue to hold it for the longer term, (having bought it some time ago) or sell and look to buy back later.
DrBourse
If you don't Ask, you don't Get.
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Hi Country Lad,….
Great analysis of the PLS P&P Chart!....
I noticed that P&F Charts are not discussed much in ASF - P&F Charts seem to be a taboo subject here…..
Good to see that someone else uses P&P Charts…
IMO P&F Charts are where Technical Analysis Charting Training for Beginners should begin.
Once Beginners understand the mechanics of P&F Chart’s they should naturally expand their knowledge of Charting Technique’s by exploring all other TA Charting Tools of Trade.
P&F Charts are where I begin my TA, then I wander off to Candles, Indicators, etc, etc, and eventually to my Financial Analysis processes – BUT, my last TA action is to refer back to the decisions made while evaluating my original P&F Chart, just to make sure the other TA Charting Tools of Trade have not led me astray.
