today vol is higher than the usual days... need to monitor closely. hopefully is not pumped and dumped. this coy has good fundamental, does not have to be overly worried unless something happen internally which we're unaware of
classic peak pattern, will melt to 6.00 soon. 24/09/2014 12:49 wakakaka Wakakakaka...Optifortune teller warn about melt down last week but when up another 30 cts...wakakaka...laught me die... 24/09/2014 13:28
Buying PMetal = Buying Aluminium Commodity. PE is high but everyone still like the stock because people expect this commodity price to move higher due to reduce in inventory and anticipate Alu price will move towards US$2400. But recent few weeks...Alu price move in opposite direction due to strong US$ and China economy slowing down. http://www.lme.com/metals/non-ferrous/aluminium/
No need to see alu price lah...p.metal goes into price correction mode...is only ppl speculate and goreng till rm 7...u think with slight drop of price can effect so much? U think they dnt hedge their stock meh...? Thet are alu ingot producer....if like tht many oil & gas ctr already colapse like tht already lor everyday as tdy crude price is under usd 95...semua fundamental sin ka lan.
WC price only 4.2 while mother 6.34.. still far gap. adrian123 yes now the fear take over fundamental..as drop like nobody biz..this scenario i thought only happened on penny stock..now happen on this blue chip.. :O
Yes, the question now is what does everyone believe in Alu price in coming wks/mths. Impending US Interest rate increase and stronger US$ is bad for Alu price or any other commodity. Or..if you think current reduction in Alu inventory will push Alu price further up..then it is a good stock to buy and keep.
US interest rate already announced will not shift for now. at least for a 9 months time, Aluminium commodity price fluctuate isn't that big to cause Press Metal to jump building like this. As a big boy in Aluminium industry, for sure Pmetal will have their hedging arrangements. USD fluctuation even insignificant to cause the immediate effect of share price. So, reason of the story exclude : USD, US i rate, Commodity price. my own opinion is the reason doesnt arise from the Company business itself, is the big boy playing around the shares. This situation exist before in Latitude Tree... But Pmetal fluctuation is far more dashyat den Latitude.
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....
pisangkuat
1,060 posts
Posted by pisangkuat > 2014-09-25 11:11 | Report Abuse
Its not oversold my fren...it just panic selling....they just simply limit dwn to correct realistic level...like what happen to pmbtech and dsonic....