Posted by Adrian123 > 2014-09-26 11:35 | Report Abuse

Recovering mode....not sure is temporary....but this morning is really overdone.

Posted by Lollipot Anison > 2014-09-26 11:35 | Report Abuse

Bought some warrant at 3.46 :)

Posted by Lollipot Anison > 2014-09-26 11:37 | Report Abuse

@rchi you're good as well.

notice you playing the same share with me, KSL, MYEG.

Posted by 88et88 > 2014-09-26 11:37 | Report Abuse

Back to the supporting point Rm6?

Posted by rchi > 2014-09-26 11:39 | Report Abuse

lollipot :)

Posted by rchi > 2014-09-26 11:39 | Report Abuse

bonus issue to the rescue.

Posted by Adrian123 > 2014-09-26 11:43 | Report Abuse

and now panic buying mode ???

Posted by rchi > 2014-09-26 11:57 | Report Abuse

huat arrrrr.

Posted by Alpha Trader > 2014-09-26 11:58 | Report Abuse

no changes to earnings, just some outlook dampening, some stupid funds must be heavily selling, and it is rebounding now

Posted by 88et88 > 2014-09-26 12:03 | Report Abuse

Golden chance to buy. :)

Posted by CCV2013 > 2014-09-26 12:10 | Report Abuse

I am just wondering on those on contra... will force selling be enforced!

Posted by Adrian123 > 2014-09-26 12:28 | Report Abuse

Trade with care. Hope this is not just a temporary technical rebound.

Posted by wakakaka > 2014-09-26 12:39 | Report Abuse

Wakakakaka...guess who bought 6.00 and sold 5.32?...laugh me die..the fortune teller...wakakakaka

Posted by 3930 > 2014-09-26 12:57 | Report Abuse

bought at 6.30 soid at 6.14 and bought at 5.35 sold at 5.91

Posted by miapancho > 2014-09-26 13:00 | Report Abuse

http://www.theedgemalaysia.com/business-news/309143-hot-stock-press-metal-drops-156-despite-aluminium-fundamentals-intact.html

THIS NEWS WILL STABLELIZE THE PRICE

Posted by ying501 > 2014-09-26 13:05 | Report Abuse

wow. 3930.. u earn it [thumb]

Posted by Tripaka > 2014-09-26 13:15 | Report Abuse

Next week 5.3

Posted by Steven Yong > 2014-09-26 13:46 | Report Abuse

price has run above fundamentals, and it is a cyclical stock, so be careful on this.

Posted by armt > 2014-09-26 14:19 | Report Abuse

Think some investors are responding to the news that some aluminium smelters might resume their operations in light of the meteoric rise in aluminium prices (see link below)

What people still need to remember is that it was always inevitable that the people within the industry will look to respond so such rising prices (i.e. look to fill the supply deficit if it is economically feasible)

That said, the article also mentioned that some of the bigger players still won't begin operations till LME prices reach above USD2,500-2,700 per tonne (Rusal & Alcoa). If prices do touch that level, PMetal should expect that to be translated to much better financial performance for the coming period.

Most important part of that article stated the following "Despite possible restarts, Rusal forecasts a global market deficit of 1.2 million to 1.3 million tonnes next year, down from a deficit of 1.5 million this year, First Deputy Chief Executive Vladislav Soloviev said on Tuesday".

The expected resumption in some of the smelters will not be enough to swing the deficit position back into a surplus.

Investor's are overreacting and some are in a healthy position to cash out some of their profits (given PMetal's rally year-to-date). Don't lose track of the bigger picture (aluminium prices are still strong and healthy at the moment!). Stay invested.

http://www.reuters.com/article/2014/09/25/aluminium-smelter-restarts-idUSL6N0RQ3UU20140925

Posted by jrjs > 2014-09-26 14:43 | Report Abuse

Good news!! this is we want to know, whether it is still stable or not..

Posted by turbo88 > 2014-09-26 14:43 | Report Abuse

turbo's back...I shall continue to hold the fort and buy up as much as I can....The more the price drops, the more the profit in the future....

Posted by armt > 2014-09-26 14:44 | Report Abuse

Of course, it is ultimately your own judgement call. That said, I will be holding my stock tightly. The noise will fade away!

Posted by Adrian123 > 2014-09-26 14:53 | Report Abuse

These analysts all come out and support PMetal openly only 3rd day after the melt down...may be they have collected enough and it is time to release the good news so that everyone will buy again..hmmmm..

Posted by musang_foxking > 2014-09-26 14:59 | Report Abuse

Overvalued

Posted by tpchuayap > 2014-09-26 14:59 | Report Abuse

Good luck

Posted by Steven Yong > 2014-09-26 15:00 | Report Abuse

Below RM5safer entry.

Posted by pisangkuat > 2014-09-26 15:05 | Report Abuse

Turbo88...today what dance?

Posted by Adrian123 > 2014-09-26 15:07 | Report Abuse

It seems like the dust has not settle yet...need to see how Europe and US market perform later today...market sentiment is not really good today

Posted by nwkh88 > 2014-09-26 15:09 | Report Abuse

Turbo straight into the grave lol

Posted by turbo88 > 2014-09-26 15:11 | Report Abuse

too busy buying pmetal...no time do other things..Buy till my trading plattform jammed up...

Posted by armt > 2014-09-26 15:14 | Report Abuse

Adrian123, same can be argued about all the these people that are appearing now with negative comments about the stock, citing it to be currently expensive and overvalued? Maybe they are scaring you further so they can accumulate on the cheap? Best if you look at the fundamentals and decide for yourself. Their business is relatively straightforward as its financial performance essentially rides on aluminium prices.

As my previous post quotes, the industry players themselves (not any local analysts/fund managers) believe the supply deficits will persist next year despite the recent massive rise in aluminium prices. The final call is for each investor to make on their own. Just base it on facts and not fear.

Posted by Dwayne Cheong > 2014-09-26 15:15 | Report Abuse

Road to 5.0

Posted by ying501 > 2014-09-26 15:19 | Report Abuse

walao..macam turbo88 trading has no limit

Posted by steady > 2014-09-26 15:21 | Report Abuse

news said time to shine means their start harvest already. LOL

Posted by Selim Mk > 2014-09-26 15:25 | Report Abuse

Technical update on Press Metal.

Stock is under heavy selling pressure after breaching the MYR7.00 level. Next support is at MYR6.00 followed by minor one at MYR5.75, and MYR5.20.
One way to look at this is that the correction is potentially healthy, given how much the stock has ran up and it’s still above the 50-day MAV line. Just the speed of selling is a bit worrisome. If the stock can hold and stabalise above MYR6.00 support for a while, would be a good thing. Conservative investors may wish to see that happening before making an entry.

Note that aluminium prices has been correcting the past month, but it has always been volatile. The general trend this year is still upward.

Posted by Selim Mk > 2014-09-26 15:30 | Report Abuse

today break support 6.00 and 5.75 down to 5.32, than rebound above 5.75, Strong Support now in 5.75. Current resistance in 5.90.

Posted by smalltimer > 2014-09-26 15:30 | Report Abuse

playing short and long eh

Posted by Tripaka > 2014-09-26 15:31 | Report Abuse

Uma coming....

Posted by jrjs > 2014-09-26 15:53 | Report Abuse

5.90- 5.92 NOW...it is sign of rebound?? 5 days drop, must be nxt monday will a bullish day...or it's a

Posted by rchi > 2014-09-26 15:57 | Report Abuse

1 for 1 bonus was submitted to bursa on 18/9.x date for bonus is probably early oct.

Posted by Selim Mk > 2014-09-26 16:01 | Report Abuse

Monday will be T+3 for those buy on Wed, average price 6.67-7.05 (1.135M), T+4/buy on Tuesday 6.98-7.13 (0.813M),hoping they already sold out just now, if not, monday morning will drop somemore. Based on today transaction nearly 9M, I think most of them already cut loss just now.

Posted by Selim Mk > 2014-09-26 16:03 | Report Abuse

currently try to build support in 5.90. If can closed at or above 5.90 by today, monday will try to break another resistance at 6.02, follow by 6.30.

Posted by jrjs > 2014-09-26 16:06 | Report Abuse

so 5.90 is the cut price rite now? is it? i saw that buying vol more than selling rite now..very consistent..

Posted by armt > 2014-09-26 16:09 | Report Abuse

Bursa normally takes about 10 working days (maximum) to process a bonus issue application (assuming all the information required are provided in full and is in order). Therefore, we should expect the news by end of next week I reckon.

This should boost trading liquidity for the counter I suppose.

Posted by Selim Mk > 2014-09-26 16:10 | Report Abuse

PMetal I start go in since 3.80, out from market 6.34. After it went up to 7.xx, I just watch, yesterday go in on 6.36, luckily this morning average down and buy again in 5.42. SOLD all at 5.90 just now. Will go in again if price below 5.75 (depends on the momentum, if selling pressure high, will wait till below 5.35)

Posted by InvestMrZ > 2014-09-26 16:24 | Report Abuse

miss to buy @ < 5.4.. still can go in now?
the fundamental seems intact.. what happen to the seller? all panic seller?

Posted by Selim Mk > 2014-09-26 16:26 | Report Abuse

sure panic lah,drop more than 20% of their purchasing price.

Posted by CCV2013 > 2014-09-26 16:27 | Report Abuse

selling pressure is still very strong!!!

Posted by Selim Mk > 2014-09-26 16:27 | Report Abuse

I think their management also proposing to split their share 1 to 1, may be end of this year.

Posted by Adrian123 > 2014-09-26 16:31 | Report Abuse

If split again..that will further dillute the share..hmm.