Chartists are like palm readers in my opinion lol If it was a science then everyone would know what is going to happen but that would cause it not to. Just reading this board for the past month tells you that nobody knows for certain what is going to happen short-term.
On another BB, someone has mentioned a "golden cross" formation apparently on the way, does the board agree with this or is far too early to see. Is anyone here looking at the charts? I find them interesting, and just starting to try to understand them, let alone trying spot tendencies. tia
All shorts have to be declared so I guess it will be interesting to see in a month if anyone's shorting this , if they are I will be happy as at somepoint they will have to reverse the trade !
Yes good one that 'blood on the streets'
If you don't no what your doing trading shares is a sure fire way to lose money far better to stick with a share and re-access you position every 6 months. Either choosing to buy more on dips or top slice on upward movements.
Like the other poster said a sudden upswing can leave a holder locked out.
Example I traded centamin from 25p to 60p and half the time I was right and actually lost a couple of thousand messing about , I 100% believed the share would come good and was been undervalued .....
In the end I got locked out and even though when the gold price was 1600 dollars and it was 30p at the time now the shares been up to 170P And the gold price is 1170 dollars !!
It's all sentiment on things and it can soon swing , we have to believe in the future case for poly4 and that the mine is getting build , at that point we will get valued at asset price And sale price of poly4
We will have no doubt in 5 years have forward sold production at a good price.
This in my opinion might as well as hitting construction targets drive good news flow.
Once the market has figures to work with and an asset we will lend debt based on that maybe on better terms than we thought or possibly an announcement from the new government investment bank of which I'm sure we will get an investment of cheap money as the biggest project around !
I'm setting out a positive journey here and a cautionary tale of selling out to early on swings.
the share may rise and fall over the short and medium term but this might be one of a few chances the be very rich for a small stake , Id rather have a chance of that than investing in the Ftse100 where nothing is safe anymore !
No takeover thank you. These BOD are the right ones to do it and I want to ask them to focus hard on the construction now. Especially with their Fortescue experience, I expect they know that a very strong interface is needed with the contractors to meet objective a) expedite the construction and objective b) keep costs within the contingency. I know some would argue that I've got these steps the wrong way around, but in my experience if you do a) then it helps with b).
Mr Math go halfsies at 35p if you feel that way! I've got some of my shares not in an ISA so I might play with those after I suspect we've reached our first frantic peak. I have NO idea what that will be, but MMs will make it VERY hard to read! I will be buying back in again, even if it was a false peak and I'm forced to buy for more! That's what happened to me in the past.
Good to see that the positive sentiments have returned, and doom & gloomers have gone away for a while. A positive end to the day. I am all for one seeing everyone's point of view, be it positive or negative, and the valued information each view can bring. I am interested in the boards take on why a potential take over would be bad news? Most company take overs increase the SP on the company being taken over i believe?
I doubt it is quite true, but I suspect there is some truth in it. In other words it might be part of the strategy of big players who may also have shorted to hedge their bets (and time it to make a profit at both ends!!) and will also buy in if they get the price down etc etc. This is capitalism so the more money you have the more you can influence the market.
Whatever the short term strategies, the main one is long term upward movement. The big boys will certainly be part of that.
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