I know one person here when MSC share price was around RM1.8, he said wait till RM1.4 only will buy. And now when the share price is around RM2.6, he mention again wait till it drop below RM2.4 only consider buying. So I think he can continue with just talking and not buying anything while others who bought at RM1.8 already happily enjoying a 44% profit at RM2.6.
If want play 100% safe, put money in Fixed deposit, guaranteed return at 1.5%/annum.
When the wave is fast and furious to catch the shorts, the price will be faster going upwards Hehe Just wait for after Labour Day. The real show will start
If you buy this share just for gamble, tough luck then since this stock is very volatile (even though not volatile than gloves), you shouting , yelling at it wont affect the stock price, unless you are some guy with loads of money. The continuous yelling when share price fluctuates is very annoying and makes u look like a clown, buy only if u are confident with the counter, or you understand what you are buying. Tin price has been at 27k-28k for few weeks now, the likelihood of this share reaching RM3 is high. Either you be patient, or u go to other counter zzz...
Someone has became a joker now because instead of down it is up now. This stock is cornered by strong guys. If you want to short it and keep asking it sell , then don’t dream about it. My crystal ball tells me this is a at least 5 ringgit stock after June result
An insider in the Tin World tweeted this: Speaking with one LME broker this morning who started the day short 40 lots (200 tonnes) and then turned position around on MSC news. Drove price up $500 dollars doing so! Liquidity disappearing - pre-cursor to an exponential move higher??
Apparently MSC has issued an email to their customers on the constrained refining capacity which will recover in 9 months time. This sent speculators into a buying tin frenzy.
A lot of gwailohs are focusing on tin miners such as Alphamin and MetalsX. No one seems to be discussing about MSC who they categorize as a smelter. MSC last year produced around 2000t of tin. With such buoyant tin prices, MSC is going all out to increase their mining capacity.
On the group’s tin mining operation, Group MD Patrick Yong says MSC looks forward to higher daily mining output with the introduction of new technologies and process mechanisation at its RHT tin mine.
“From a daily production at RHT of 9.5 tonnes per day in 2020, we have already reached 11 tonnes per day.
“Our efforts in acquisition of land to increase our mining output is prioritised and we hope to reach our target of 12 tonnes in a year or so, ” adds Yong.
In February when tin is 27430 MSC was 295 highest Now tin future is 28000 MSC will be what value from 260? I expect tin to rocket like Bitcoin by end of this year MSC will be 8 to 12 ringgit if tin price is going to send the world consumption into a tail spin Exactly like top gloves scenario Anything can happen.
MSC owned RM23mil of investment securities mainly in Alphamin Resources as of 31 Dec 20. MSC furnace outage may face challenges and delay in shipments.
Tomorrow easily gapped up First target 278-282 Break it and go 300. Substain above 300 and next 330. This month of May will hit 4-5 ringgit towards June Thank you all strong holders MSC is strong is because buyers are strong holders Not weak short term players MSC don’t need weaklings
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....
marky2kalpha
228 posts
Posted by marky2kalpha > 2021-04-28 09:22 | Report Abuse
dropping