PLS - Pilbara Minerals

[Rosscoe62]

Four broker downgrades

Pilbara Minerals Cut to Hold at Jefferies; PT A$2.10
Pilbara Minerals Cut to Hold at Bell Potter; PT A$2.10
Pilbara Minerals Cut to Hold at Morgans Financial Limited
Pilbara Minerals Cut to Neutral at Evans & Partners Pty Ltd

Honestly, how can one get excited with broker upgrades/downgrades or a neutral position?

Other key words they love to use -> overweight, underweight, buy, sell, hold etc …

And then they put a target price on it?

This afternoon from “Market Index”,,, Broker UBS ->

Pilbara Minerals (PLS)

• Upgraded to neutral from sell at UBS; Price Target: $2.30 from $1.60

Great advice? ,,, going from sell to neutral … $1.60 to $2.30 …

PLS has already surpassed $2.30 and is trending very favourably …

For me it’s been a screaming buy for a good month or a bit longer.

Since I bought into this company, the price has skyrocketed and very quickly.

I never put a target price on companies like this broker/s have …

Study the trends/momentum/charts and let the winners run for as long as possible with set rules in place.

I never, ever pay any notice to what these brokers have to say. It’s absolute guesswork and quite ridiculous.

Do your own research, mine is TA.

Held

Latest chart (1 year) -> looking great

Momentum has been very strong over the last 6 weeks or so.

Nothing is definite in this space but the trend is your friend at present.

 

[farmerge]

Four broker downgrades

Pilbara Minerals Cut to Hold at Jefferies; PT A$2.10
Pilbara Minerals Cut to Hold at Bell Potter; PT A$2.10
Pilbara Minerals Cut to Hold at Morgans Financial Limited
Pilbara Minerals Cut to Neutral at Evans & Partners Pty Ltd

Honestly, how can one get excited with broker upgrades/downgrades or a neutral position?

Other key words they love to use -> overweight, underweight, buy, sell, hold etc …

And then they put a target price on it?

This afternoon from “Market Index”,,, Broker UBS ->

Pilbara Minerals (PLS)

• Upgraded to neutral from sell at UBS; Price Target: $2.30 from $1.60

Great advice? ,,, going from sell to neutral … $1.60 to $2.30 …

PLS has already surpassed $2.30 and is trending very favourably …

For me it’s been a screaming buy for a good month or a bit longer.

Since I bought into this company, the price has skyrocketed and very quickly.

I never put a target price on companies like this broker/s have …

Study the trends/momentum/charts and let the winners run for as long as possible with set rules in place.

I never, ever pay any notice to what these brokers have to say. It’s absolute guesswork and quite ridiculous.

Do your own research, mine is TA.

Held

Latest chart (1 year) -> looking great

Momentum has been very strong over the last 6 weeks or so.

Nothing is definite in this space but the trend is your friend at present.

View attachment 207015

I came to the conclusion long ago that us and brokers know as much as each other, unless their information is based on insider trading.
Gave up using them as means of information and only reply on myself and the bloke in the mirror.

 

[farmerge]

PLS fourth pick for the Yearly Comp.
Put in as a roughie and up until a couple of week ago was dragging my picks into gloom and doom.
Current SP is great and is definitely one to watch.
Could be a good trading stock to pursue.

 

[frugal.rock]

Currently in 3rd position in the shorts at a huge 16.22%
That recent dip to ~$1.10 area now looks very attractive!
That gap up from $1.90 area doesn't look attractive right now.
Flagging pattern, stats say it should break up from here, but that shorted % doesn't give me confidence.

Another one to watch after the shorters have their win, or, a potential swing trade if it gets squeezed.

It's a popular stock, so I have a sitting on the fence sentiment right now.
Will put it on the watchlist radar though.

 

[Rosscoe62]

I’m waiting for the brokers to say PLS is now overvalued

Let the charts do the talking but have your rules in place ….

Onwards and upwards.

 

[Rosscoe62]

Well, well … this news has brought PLS holders back to earth or should I say China.

I remain in but today’s news has nearly hit my trailing stop …

Held … but it may be a different story tmw!

Wait and see …

Lithium stocks smashed: Why Pilbara Minerals and Liontown shares are tanking today

Lithium stocks crash as Chinese mine restarts production. Pilbara Minerals down 15%, lithium carbonate prices fall.

www.marketindex.com.au

 

[farmerge]

Well, well … this news has brought PLS holders back to earth or should I say China.

I remain in but today’s news has nearly hit my trailing stop …

Held … but it may be a different story tmw!

Wait and see …

Lithium stocks smashed: Why Pilbara Minerals and Liontown shares are tanking today

Lithium stocks crash as Chinese mine restarts production. Pilbara Minerals down 15%, lithium carbonate prices fall.

www.marketindex.com.au

Just seen this news about PLS and LTR PLS down 17.29% and LTR 18.42%.
This stuffs up my PLS pick in the yearly Comp at present.

 

[farmerge]

Well, well … this news has brought PLS holders back to earth or should I say China.

I remain in but today’s news has nearly hit my trailing stop …

Held … but it may be a different story tmw!

Wait and see …

Lithium stocks smashed: Why Pilbara Minerals and Liontown shares are tanking today

Lithium stocks crash as Chinese mine restarts production. Pilbara Minerals down 15%, lithium carbonate prices fall.

www.marketindex.com.au

PLS Pilbara Minerals regained a bit of ground so far this morning. Back over the $2 mark $2.05.

 

[Rabbithop]

Before opening time..there was good pick ups...maybe pump n dump...we would know at end of the day. I was going to pick up some below $2 and saw it went up again.

 

[farmerge]

Before opening time..there was good pick ups...maybe pump n dump...we would know at end of the day. I was going to pick up some below $2 and saw it went up again.

@Rabbithop is it a case of shoulda, coulda.....................

 

[Antirnator]

See you at the bottom

Not Yet Held

 

[frugal.rock]

I resisted knife trades on this and LTR yesterday and it's a good thing I did.
The recent flurry in lithiums has seen the exact same news that caused it, reversed.
I believe CXO is getting into gold as well? It may offer some promise.
Not held.