have already stated it will trend lower slightly to 2.90 for the next month or so. after that, will fly to 3.40 upon release of next quarter result, shall trace the rebounding aluminium price.
prob gonna trade flat from now to next few weeks, trending 2/3 cents down here and there. 2.90 is a great price to go in. support at 2.82. once there, pmetal is dead cheap to buy in.
The US is going to raise interest rate by June that had badly damaged the overall markets sentiments . I supposed even if the US were to raise interest rate , it will not have much impact since it has been discounted and the stocks prices have eroded from the past several weeks . Very likely , the market will rebound after the end of this month and can buy some if cash is at hand since it is quite cheap now .
i hope go further down! Aluminium price going down could b temporary. New Plant kick start. Next Q revenue n earning should b convincing. lets accumulate.
moneyky sifu , you can see for yourself all Asian stocks markets are rebounding and not to discount the US stock interest rate hike , this end of the month are right entry point as the market are in the oversold zone and a suggestion to buy with confidence and cheaper price . Please share to us more about the aluminium comodities price . Thanks sifu moneykj.
The every lowest point of each wave are 1424(23/11/15), 1453(13/1), 1469(24/3), 1525(16/5)...I believe 1525 is the lowest point before start to climb towards 1750 or higher. Why?... Despite hawkish comments from Fed which caused strengthen of USD n worries the commodities market. Al price doesn't want to down further. Positive results from the extruders, aluminum base products manufacturing n trading companies, signal the demand is increasing. The 1525 recorded in 16/5 is the lowest, All price diam2 climb towards 1750 n nobody realize it.
Moneykj , got some people always try to disturb you but please don't bother about them okay . They want to buy or not is up to them but for me i positively trust this Pmetal . After the AGM on June and those haven't buy yet will be totally regret . Pmetal Boleh dan Tetap Boleh .
Let them mock, at least can make them happy. I still enjoy my dividend yield of > 5%. They will chase high when the price shoot up. No rugi for me also...
i think people here needs to und that small time investors like us won't affect the majority of price movements. as such when we give advise we should at least back it up with reason.
this drop to 2.80-2.90 was alrdy expected, price will prob trade flattish abit. other than that providing no global economy meltdown, price will break 3.30 next qtr report release (june)
They try to push down the shares price so that they can collect at the cheapest by June or July . Buy on this two months . Moneykj , what's your opinion ? Aluminium prices keep on rebounding . Very soon coming to 1600 . Next TP Rm ...?
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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....
Investo
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Posted by Investo > 2016-05-24 07:31 | Report Abuse
早安 wait 4 June or July? Nuw wait N see 1st.