Joeylee, last time I bought Latitude at 2.00. When reach 2.50 there are so many sellers. Finally I sold it at 2.50. Then the price reach 8.00. This time pmetal I bought at avg 2.00 also. I will not sell at 2.50. I saw the potential in pmetal which can reach as high as Latitude when I have read the q report, and check the history of aluminum pricing and stock level.
Latitude can go on because kyy still in. Pmetal frankly speaking although sumitomo join venture on feb 2016 on phase 3. Still have no volume due to japan has a big trouble on nirp. I have been cautious about this matter. Thus today close a portion. Last time pmetal up not effected by klse because the aluminium price above 1800 and japanese currency still up. Now not same kuroda japanese headache not know how to solve the big problem
So not much expectation volume from japan side. Only we goreng ourself. KLSE is so afraid of US market has to go down earlier than US market. When KLSE goes down means ourself is also afraid. Except if this Thursday the aluminium price reaching 1650 another big story. If not then watchout because no demand also in current situation.
G20 meeting in china has no result on current condition. Big burgers from all the world gathered together eat and drink only. I thought they are going to launch QE in all their countries but very upset to know this. Cannot la. Thus KLSE still able to reach 1300.
Sumitomo actually join venture already but no supporting volume from japan due to japan problem. Without supporting volume, it is not strong. Watchout. It can fall. My actual call was from 2.00 to 2.03 level. 2.10 above not my call.
I watch aluminium price also hard to break 1600. Breakout is at 1580. Break it then it is good. When the market is in bear mode, of course the demand also getting less instead of supply.
1593 is figure trade at NY. LME is about 15 higher. Primary aluminum producer listed at NASDAQ Century Aluminium up 5.61% last night. May b pmetal can't go up immediately. But buy now is OK before quarter announce. If market correction also no need to worry. 3.5% dividend.
Today t3 n t4. Tomorrow t4. Let them throw. Just park slightly lower from seller. Now not the right time to play contra. Slowly up, just nice. Very nice chart.
Century Aluminum jump to 7 from 4. Alcoa jump to 9 from 7. This happened only in 1 month time. Signalling the aluminum price is bottomed out. And the worst is over.
The local order for the aluminum products is increasing. The small extruders is busy now. Although the big extrusion companies looks groomy. But they expect the order will come in 3 months. Wait n see la...
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....
traderman
7,854 posts
Posted by traderman > 2016-02-26 08:07 | Report Abuse
Yes tp 40