hng33 US future already pare down loss from more than -200pts to less than -30pts. If sentiment improved, US index may turnaround into positive, offer rebound support for local tomorrow.
I am not here to scare you people. I am talking about facts, price and volume momentum. Look for yourself has any stock today displayed meaningful rebound. Most almost closed at the lowest of the day. This shows weakness and there is nil momentum. Even if Dow Jones truly rebound today after 4 days of drop it doesn't mean the problems with Dow Jones is done with. The parabolic rise of Dow Jones from the low of 15,450.65 in January 2016 to 26,616.71 in Jan 2018 is considered a mania.
Stock are being push up not due to earnings growth but mainly through stock buy back programs which are heavily manipulated. Easy credit from banks enabled many corporations to buy back their share which not only push up their prices but also manipulate the earnings per share higer. Thus most companies looks good on the outside but rotten inside due to the share buyback manipulation.
Thus what i can conclude is that the Dow Jones is already done with. I don;t think we will ever see the Dow going above it's recent high in a long time. Dow is on the downtrend for sure and we shall see more violent moves and volatility moving forward. The Dow is on the way back to 19,000.
Please take note the main reason for rebar steel rally from RM 1500 in 2016 to current level RM 2700 is mainly due to China initiative to cut down its own production, reduce significantly export volume, eliminate global steel glut. These important factor production cut in China is set to continue these year 2018 with additional 25- 35 m capacity plant to close down, further reduce steel supply globally.
Cksam, a shorterm trader. Long term investor does not need to care the temporary price up and down. And you are quite free write a long essay to express your opinion when you do not hold any of masteel? Better spend your time to grab some good stock at bargain price.
From US report, China is No1 import country as they classified your products based on country of origin.
Means Malaysia, korea, Japan, singapore manufacturers if buy material from china, their product sell to US consider China import.
They are trace from material's country of origin.
If US report figure is correct, more than 3,800 tonnes of excess material will have cancel order problem start from June 2018. As manufacturers from various country still have PO outstanding from china, but after Apr/May 2018, you will see steel price china will fall sharly as this PO will fully delivered and no sustainability.
For US if confirm tariff to implement this week, all PO outstanding from US company to import if their shipment after the implementation date arrived US need to pay custom tax 25%. There is no clear guideline to made a cut off on all these outstanding PO, so many of suppliers who import US need to cancel their order, ends out need to keep high inventory and seek for solution to clear the stock.
Further, the steel & aluminium was just the second item US want to imposed tariffs, the next one US may going to imposed imported car, that one will influence again on steel sector from Euro car, how big the impact you can imagine????? That is definitely a disaster.......
Steel rebar futures climb today... I don't know why need to panic. Moreover pls read segmental reporting. Most of Masteel revenue is derived domestically. Donald duck scaring people is great for me to pick more of this stock
200 lots still holding with -4K paper loss. total paper loss up to today 25K. just relax watch all turn red. it is just like traffic light, later will yellow and back to green.
it is not a disaster, i am not sure why dump like hell. KLCI still above 1800 point.
...those with extra cash... just keep on accumulating.....i am sure operators and syndicate who dumped earlier on are just waiting to scoop on the cheap....including some self-proclaimed super investors...
PanjiAlam55 if that's the case all shares are now transhed henguyan, petron, Huaan, etc big names who climbed more than 100% last year till now came back to same place....right now we r heading towards market crash
I call Trump, he said up. He very very happy up down up down up down very high. When you all said Trump please don't don't don't up down. Trump more happy....Trump said he will non stop up down up down. Until you all no energy said don't.
Basically, Donald trump Suggest this tariffs only want to threaten Canada & Mexico to sign the NAFTA, but whole world market is too reacted to his crazy suggestion.
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....
susan_sg
14 posts
Posted by susan_sg > 2018-03-05 17:07 | Report Abuse
https://www.themalaysianinsight.com/s/41137/
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