So after the 15% fall over the past month and the recent news that earnings will plummet and the share divident will be suspended... Is now the time to go long? I bought some call options - which means that I will find out soon enough.
....of all the shares you can go long on, you choose one that posted a 78% decrease in HEPS and a reduction in production targets and Capex spend ? Strange choice. Why the leap of faith ? That 15% drop could easily now become a 30% drop within days.
Yes, plat surplus in world, add to that the plat that can be recycled from used cars, wait for the upturn to be establish before going long, your oppurturnity cost waiting and holding on for the upturn will be more than you might lose by not picking the bottom exactly.