stock Chart pattern Lion group and Expanding Plan (Amsteel to Megasteel). Regarding to the power to PM. It consumed most 70% of entire sarawak power. I do not know how many years contract they signed with SEB not to increase the price for electricity. PM is counted a big fish to SEB. How do they going to play with this big fish if contract is about 10 years ? 3 years contract ? If yes, profit will drop tremendously. Aluminium price still not yet rise. I still foresee the price will drop to 1500. Bintulu plant remains the key player. Making money ???. Sumitomo is targetting at this Bintulu plant. Next quarter i still counted it will fall until March 2014. See how far it goes this coming quarter.

It is falling as predicted. :-) Fundamental is more important than technical analysis. hurry 1 ringgit. Most probably 50 cents also possible.. Pattern is so similar to Lion group.

warrant 0.5

Koon's wife keeps buying on it when people selling it. No use when all people are losing confidence. Only wait to see the next year annual report whether they are making money or not. Sumitomo would not invest in if they are not making money so they most probably would wait again. I would like to see the quarterly report again to analyze it.They are expanding again in building a mining plant in indonesia while they are short of cash flow. Very interesting to see whether they could pass through in this crisis. Bintulu plant is just only started the operation this year so they would not announce to news because there is no record yet of profit and loss. Making money ??? Its pattern is so similar to Lion group (amsteel) keep expanding until they could not manage it. But however Press Metal is the only smelting plant in malaysia. No competitor anyway. If all the china smelting plants are close due to coming recent economy crisis, PM certainly will have good market view in future and as well as its stock. Interesting huh...

Palm oil is near to the lowest price already. Now it is the time.. It will rise.

Ambank and RHB holding a small portion only. They urge people to buy but I still reluctant to buy. I still wait for Big player sumitomo invested in march 2014 and it will rise to RM9.00 in next three year.These two banks are holding at RM 2.40.

Mukah plant is totally shutdown until next year Jan 2014. Only Bintulu plant is running but no use because it is producing ingot. Ingot price still rally down until 1500. Not making money. Only Mukah plant manufacturing billet is making money. Billet price is different from ingot. Insurance claims will wait for 1 year. Not a good idea to buy now. It is good to wait until RM 1.00.