Last time Prestar was 46 sen i issued buy call. Then Prestar up 200% to over Rm1.45 and i also told all not to chase.
Now Prestar already fallen back down to 86.5 sen
PRESTAR WILL CONTINUE TO FALL FOR THESE REASONS:
1. PRESTAR IS A CYCLICAL STOCK. IT WENT UP TO CROSS RM1.00 IN YEARS 2006 TO 2008 DURING 9MP. AFTER THAT IT CRASHED TO ABOUT 40 SEN
2. NOW GOVT IS CURBING HIGHWAY PROJECTS AND ALSO BUILDING PROJECTS. SO PRESTAR GUARD RAILS AND WHEEL BARROW SALES WILL BE HIT.
3. PRESTAR INSIDERS HAVE STOPPED BUYING AND STARTED SELLING. ONLY SBB(SHARE BUY BACK) FOR FAKE SUPPORT
4. USA RAISING TARIFF AGAINST STEEL IMPORT WILL HIT KOREA AS TOP NO. 3 EXPORTER OF STEEL TO USA. PRESTAR'S INVESTMENT IN KOREA POSCO WILL ALSO BE IMPACTED
WITH SO MANY ILL FACTORS COMING PRESTAR'S WAY YOU BETTER SELL FAST.
ANY REBOUND IS AN OPPORTUNITY TO SELL AND GET OUT FAST
yes this steel and segmnent is the best finaly I wait you , yes easy money \ PRESTAR RESOURCES BHD
PRESTAR RESOURCES BHD PRESTAR RESOURCES BHD PRESTAR RESOURCES BHD PRESTAR RESOURCES BHD PRESTAR RESOURCES BHD PRESTAR RESOURCES BHD PRESTAR RESOURCES BHD PRESTAR RESOURCES BHD PRESTAR RESOURCES BHD PRESTAR RESOURCES BHD PRESTAR RESOURCES BHD PRESTAR RESOURCES BHD
If prestar really conquer 50% of guardrail market..they got huge advantage of the upcoming project.They are 2000km of pan borneo,600km of ecrl, and the new 150km LPT3 for its guardrail prospect.
Calvin counter all so good , right now follow calvin like kena jackpot sapu kuat kuat later we all become billions sapu Talamt TDM , Prestar AZ Destini later become billions no need work everday play stock and go genting haha Calvin is the best
ECRL aside, the anti dumping duty of 16% imposed on Vietnam and china flat roll steel + unlocking of value of Tashin Steel via listing being approved by shareholdersss, surely share can move upwardsss. Let’s see 75 sens first!
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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....
calvintaneng
56,155 posts
Posted by calvintaneng > 2018-06-23 19:01 | Report Abuse
Hi guys,
Calvin called for a sell on Prestar
Last time Prestar was 46 sen i issued buy call. Then Prestar up 200% to over Rm1.45 and i also told all not to chase.
Now Prestar already fallen back down to 86.5 sen
PRESTAR WILL CONTINUE TO FALL FOR THESE REASONS:
1. PRESTAR IS A CYCLICAL STOCK. IT WENT UP TO CROSS RM1.00 IN YEARS 2006 TO 2008 DURING 9MP. AFTER THAT IT CRASHED TO ABOUT 40 SEN
2. NOW GOVT IS CURBING HIGHWAY PROJECTS AND ALSO BUILDING PROJECTS.
SO PRESTAR GUARD RAILS AND WHEEL BARROW SALES WILL BE HIT.
3. PRESTAR INSIDERS HAVE STOPPED BUYING AND STARTED SELLING.
ONLY SBB(SHARE BUY BACK) FOR FAKE SUPPORT
4. USA RAISING TARIFF AGAINST STEEL IMPORT WILL HIT KOREA AS TOP NO. 3 EXPORTER OF STEEL TO USA.
PRESTAR'S INVESTMENT IN KOREA POSCO WILL ALSO BE IMPACTED
WITH SO MANY ILL FACTORS COMING PRESTAR'S WAY YOU BETTER SELL FAST.
ANY REBOUND IS AN OPPORTUNITY TO SELL AND GET OUT FAST
REGARDS
CALVIN TAN RESEARCH