Supermx plunged belly up 12.00 => 2.27 Dayang plunged 2.90 => 0.90 Hrc plunged 18.00 => 4.00 Lionind plunged 1.00 => 0.23 The list are endless
I was right on all of these.
Now i tell you this. Steel plays for the past 30 yrs only lasted for a short while n fizzled out. Bcause earnings of steel companies are not steady and erratic and temporary. The default earnings of steel business is lousy just as lousy as otb.
After moving up to a certain level, the share price can no longer move up. Bcause as a leading indicator, it is factoring the future downswing in earnings to its default level now, ahead of time.
So a lousy calculation of earnings by a lousy promoter will not work. This is exactly what happened to glove plays. Price moved in the opposite direction of low PE ratio bcause it is factoring impact of vaccines on demand n selling price of gloves ahead of time, much ahead.
When the going gets tough, you will be left to hang high n dry. Believe me. So, escape now while the pain is still bearable.
A few months from now you will see that i am right again as i hv been right about the plunge of the above counters.
Posted by rr88 > Aug 27, 2021 10:55 AM | Report Abuse
Will come down to plug chart gap at 0.405. Sell! ---------------------- Ans : The share price of AYS breaks new high today. You are wrong again. Thank you.
Guys,,please do not quarrel with one another and put one another down.I think that is not very kind..Just ignore and help some of the members here who need some advice regarding this counter....thank you.
Hiaptek benefits more than those steel stocks without steel furnace capacity due to at least 40% dropping in iron ore prices. When the cost of import iron ore is cheaper than local iron ore, Hiaptek can just import the iron ore and use its steel furnace to produce the steel product. This result in much higher profit margin. Many steel stock counters have no steel furnace capacity.
Dear Invest_888, You are very good and you have done your homework well. Up stream steel stocks will perform very well because of low iron ore price and high steel price. Moreover, blast furnace will save a lot of electricity. Hence high profit margin.
Down stream steel stocks are a step below up stream steel stocks.
All the manufacturers are affected inclusive technology sectors but share price trade on potential growth and future available profit .
Example : Technology counter Genetec also affected but share price keep breaking new high because there is great demand of the products at least for two three years.
The same principle apply to steel products that there is great demand from world market at least two to three years. For the past ten years the market is flooded with over supply steel products from China manufacturers but China changed it's national steel production policies recently thereby the market price is no more struck by over supply status .
At the same time , market demand surge rapidly due to the following reasons:
1 US lay out national infrastructure development very soon . 2 China reduce production. 3 The government will reopen back construction industries very soon.
Therefore the demand is very strong either locally or international market.
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....
Jerichomy
4,346 posts
Posted by Jerichomy > 2021-09-23 11:52 | Report Abuse
Yeah hiap teck drop fast but naik very slow means something is very very wrong