I hope Huaan fully utilise the opportunity in the futures markets to lock in the RMB 900+ differential in coke and coal prices for their 3rd and 4th quarter sales.
Then we are assured that the company will report bumper profits in at least the next 2 quarters!!
I remember the recent peak 0.27 was on wed 13-09-17, so =T (and 0.27on thurs 14-09-17 =extended T) . Unless the Chief Cook is in a hurry or behind some time-schedule or if the Coke Futures shoot thru the roof tomorrow, Tue 19-07-17 shud be the T+4 pullback and Wed 20--7-2017 (at least another half day consolidation) to be extended T+4 or T+5....
I would prefer Huaan play to be aggressive BUT SUSTAINABLE (say 2-3mths and >>1.00 by december end) instead of the despicable one-night-stand or some short-term play so typical of the speculative ones like.....
So if you see tomorrow T+4 or wed T+5 hitting 0.50 (from 0.24-0.25) you ought to be ALARMED,that it may turn out to be shorter term play, and the shark may finish the goreng b4 u can get out....... NO! we want the next T+4 to be 0.22-0.24 to 0.32 a 8 to 10 cents sensible increment....not 0.40 nor 0.50!!! so be careful what you ask for (0.50) !!!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
windcloud
1,393 posts
Posted by windcloud > 2017-09-18 11:00 | Report Abuse
Jonny1234 thks for explanation.