Those who chased Flat Steel Will Fall Flat on Their Faces!!
Posted by calvintaneng > Nov 28, 2016 08:57 PM | Report Abuse
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Posted by PlsGiveBonus > Nov 28, 2016 08:46 PM | Report Abuse
Tomorrow gap down 20%...
Whoa! You have just highlighted what I also wanted to share!
Already warn all those who keep Flat steel will fall flat on their faces later. Now Company has explained very clearly. Mycron's good result is also one off. Same for CscSteel.
So everybody, please take care.
MegaSteel closure was a one off event benefiting flat steel companies.
I have won and sold out during the last run of this stock. The story is getting older.....so be careful. No recommendation for other stocks. Have to research....do not believe easily.
not sure... sometimes purposely push down by directors.... then once QR release, damn good result... up a lot... directors make money .... this is so called yum kong money....
Obviously affected by cscsteel. How many minor share holder ? Price.down sure is big player like fund manager or substantial holder run first ..people who run last of course is more weaker one and late respond .. Long term doesnt mean good cos will lose more . Best time had pass for the steel industry had pass , switch to more safe place like aluminium maker , pmetal or palm oil industry , plantation counter . This year will be aluminium industry and palm oil year .. Good luck everybody
It is start to downtrend , market leader csc also cannot escape with greater fundamental , I don think this counter can avoid it . Most of steel counter had up 200% last year , now is reverse , smart investor will know my meaning ..
Look like have some people not understand steel industry . Iron rod maker like ssteel , annjoo is winner due to government imposed tax and duty for imported . Hrc or crc maker like cscsteel , mycron loser due to higher loss of imported material , besides usa try to imposed duty also worsen the scenario..That why keep distance of this counter and cscsteel due to 2 risk factor , weaker rm affect their profit and USA barrier reduce the turn over . Try to imagine the company facing turnover down and profit drop , this will give disaster to them
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Posted by bleuerouge > 2017-01-23 12:58 | Report Abuse
double top, better to wait if drop untill 92-93c