Possible trick to scare retail investors to exit?lionind consolidations started since January before all the euphoria on Ecrl. I wouldn't sell it unless it breaks the sideway consolidation channel. At least, I am following my own entry/exit level. Cheers!!!
Steel prices are on a rebound in China. Rebar, wire rod, CRC, etc. are all moving higher. So, if you're buying Lion to hold then nothing to fear. If you're buying to trade like the rogue traders in Dayang, then this is not the stock for you, cheers.
I appear again , to lead the great sentiment , ROAR LION is back , listen me , what we need is a lion on the battlefield , Knowing that group of sheep led by a lion will defeat a group of lions led by a sheep , lion will battle to last breath , as long as still breath on .
If let say it dive back to 0.52 also , i will wake up it to 0.65 as well , as promised , i not going to withdraw in all condition weather proof , fight fitted fight , last also fight , winning the pride is my task .
"MANILA/BEIJING: Chinese steel producers ran up losses for the first time in three years this month as prices slid into a bear market on weak demand and near-record supply, ending years of solid profit margins.
And with the world’s No. 2 economy cooling and facing increased risks from a growing trade war with the United States, China’s steelmakers are likely to feel more pain unless Beijing launches fresh stimulus measures, traders and analysts say.
Amid tumbling prices, Chinese mills - which make half the world’s steel - are reining in costs by returning to cheaper, low-grade raw material iron ore, in a boon for miners like Australia’s Fortescue Metals Group.
China’s steel production hit a record 82.55 million tonnes in October, but steel prices and margins have since shrunk as China dialed back on winter output curbs aimed at cutting smog, while demand weakened as cold weather slows the construction sector.
“Fat margins were caused by firm demand and tight supply, which is unsustainable in the long term,” said CRU analyst Richard Lu.
“This decline is not temporary but the start of a downward trend.”
William CHENG will return us a CONFIDENT , this time himself will throw a bombshell to country iron sector , BULL RUN is on the way , his company going to dancing with china giant group , occupy all the demand on ECRL , as confirm news from government , LION GROUP still a biggest iron arm in countryside .
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....
Grover
11 posts
Posted by Grover > 2019-04-15 16:55 | Report Abuse
soo sad $1000 unrealised losses