I added 1 lot this morning and will add more 2 lots@ Pmetal. Hope to collect 8 lots@Pmetal. Once is really exceed RM6.10 above, then price will stable there.
my opinion is that those who have not invested should stay sideline, don't chase. I hold on this stock for may be 7 years now, saw many rounds of roller coaster. There are not a lot of shares floating in the market, this stock can easily be cornered up but just looking at the daily avg volume
How har? Banyak simple. Those who own pmetal shares can continue keep. Those who never bought any just find other stocks. So many shares flying here n there dont have to chase high.
Smelters are being shuttered worldwide due to rising costs. At the same time, demand is expected to grow by 6% annually due to higher usage in automobile, aerospace and other industries. For the first time in almost a decade, there will be a global aluminium deficit of 930,000MT this year Press Metal is a direct beneficiary of rising aluminium prices. Its smelters are currently operating at maximum capacity (440,000 metric tonnes) and have competitive production costs compared to peers. Source: AmeSecurities
Price correction since already go up 3 days berturut-turut fr 31.7.2014 to 4.8.2014. Healthy correction. Inilah permainan saham. If price keep going up, less peoples will buy, If price go down, more peoples will collect.
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....
Joel
4,580 posts
Posted by Joel > 2014-08-04 14:24 | Report Abuse
I added 1 lot this morning and will add more 2 lots@ Pmetal.
Hope to collect 8 lots@Pmetal.
Once is really exceed RM6.10 above, then price will stable there.