Is it a good time to take some profit on Pilbara (PLS)?
Is it a good time to take some profit on PLS?
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Answer
Hi Greg,
Pilbara Minerals (PLS) has more than doubled over the last 3-months making an all-time high of $5.08 this month while most of the market dipped lower. The momentum behind Lithium is significant, and we are believers in the medium to long term demand picture, while we view PLS as a great way to play it given it is already selling product from a low risk jurisdiction. We are reticent to sell such a strong stock but may take part profit for our Emerging Companies Portfolio if the momentum stalls.
