Drop like shit today, what are your thoughts 360, newbie here, this movement is contradicting the sharp increase in demand for aluminium worldwide, demand > supply. Is this just a technical adjustment in price? I believe this stock is fundamentally sound though
Based on my last few months observation, normally it will jump up next day after worst closing. Hopefully good news coming soon.. Opportunity to collect more
http://www.lme.com/metals/non-ferrous/aluminium/#tab2 Dear Mr 360Capitalist, if you were to study the aluminium price chart, the price keeps on dropping sharply. In your opinion, will US$2000 be a strong support level? And why such a sharp drop suddenly?
The strong USD will affect commodity price but this is for temporary period only. Price will hold above USD1950 and rebound soon as shortages in market is worst than expected. With premium atUSD400 and allin price at USD2350 still good profit margin at 16% for PMetal.
Buy on weakness,, it should be reversing trend soon
some profit taking,,, It is normal.. Any pull back is excellent opportunity to accumulate further. Buy before market close today and you stand to gain 10% to 20% by month end.
Rusal is up 2.6% today. So far this week up almost 20%. Early this week was traded at HK$4.00 level.. now HK$4.75.. The aluminium price is expecting to rebound and exceed US$2100 by next week.
Don't trade.. Buy and Keep for long term capital gain.
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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....
billionhair
959 posts
Posted by billionhair > 2014-09-11 11:28 | Report Abuse
Those do not buy will regret later.