RE: Plan the trade..trade the plan20 Jul 2022 11:48
Morning all, just reading some good posts and back to the regular posters here, we all have differing strategies, shares like POLY are great for swing trading on small sizes but its easy to get locked out with mm not giving electronic quotes, its worth noting that mm’s (I use this term as behind every SETS algorithm is a market maker) is not obliged to give you an electronic quote online, but they have to over the telephone even for large orders, these do come at price premium with my brokers its £48 per telephone trade.
I would say yesterday spike is a sign of a longer change in trend for this share, you often see massive spikes like this when trend changes and we have been in a down trend for many months so well over due.
We don’t know whats coming in the rns tomorrow, we may start to get offers for Rus in the coming weeks, I guess we will find out in the web meeting tomorrow.
I was looking at the location of many of our mines and POX plants, a lot are in the far east Kabaravorsk region which is right on China’s door step, perfect fit for Chinese Mining company.
We should get fair value for these plants as I believe POX 2 is the newest? It looks like the debt is attached to each area, would it be beneficial to POLY to sell these different plants off individually and not to one entity?