Likewise i have been cursing this counter and sold off my 50 lots at breakeven price of 4.85 last week to switch stock and now out of the blue the price jump !
PM exporting aluminium which is link tto commodity LME trading price which shoot up yesterday. the reason why i dont have patience with this counter is beside performance i still have to counter with LME price . performance good but LME price drop LME price down but performance good yesterday price up is becos finally both LME & PERFORMANCE are in tandem and align
its damn difficult to play this counter except to buy at weakness and sell on strength.
YA loh my remiser say i dont have patience always fast in fast out. hahaha! anyway this counter has been sleeping for a year lah and you are right this is a fundamental counter so just buy upon weakness and sell upon strength will do. so many times even company performance good but LME price down this counter will continue to sleep soundly only
Mining sector sees Record Production in FY 2024. Significant. Growth in the Producrion of Key Minerals and Aluminium metal . Pmetal tetap boleh dan pasti boleh .
Aluminium investing future price at 1.55 pm M'sia time is 2622 . Rusia aluminium kena kick out from LME. Ini kali lah Pmetal memang boleh dan pasti boleh dan tetap boleh .
Why drop so much? The answer is simple because RHB and HLB just gave a buy call today. Buy call from bank mean sell down to Longkang. This is our Malaysian rule.
Sell on news and trump's policy on china. This is just sentiment, short term effect. Plus this is bluechip, backed by giant investors. Now it is purely want to wash away retailers
Press Metal had a better hedging position of 30% ratio at US$2,600 versus US$2,300 in FY23. However, the cost of aluminium production could have risen as alumina prices continued its uptrend in 2Q24
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....
diuleiloumei
511 posts
Posted by diuleiloumei > 2024-04-01 22:22 | Report Abuse
Lousy stock and company, cannot move up, cinaman managing style. Dividend very less and kiam siap