Posted by LuckyBertuah > Nov 10, 2021 2:47 PM | Report Abuse
Need OTB to calm down the selling ----------------------------- Answer : I hope the steel rebar price in China is bottom soon.
When everyone was shouting sell on 19/3/2020, I was the one who withdraw FD to buy big in KLSE. I made the most money in my whole life in 2020. Likewise, I will do it in 2021.
Steel rebar future in US is quoted at USD718 which is the international price. 1 MT = 1.102 US ton. Steel rebar future per MT in US = USD718x1.102=USD791.2 1 USD = RMB6.39. USD791.20 = RMB5,056.
It did not drop so much like China steel rebar future price.
Do not let others frighten you. Do your homework and invest well. Do not blame others. Thank you.
“The last traded price for AYS is 68 sen and my last purchase price was 70 sen using margin finance. I will have margin call if it does not rebound today. In any case whether AYS rebound or not to day, I am not discouraged to use margin finance. “ - KYY
Go to hardware shop or check with local contractors, what is the selling price of steel rebar ? RM 3,200 to 3,300. Still very good selling price. Thank you.
Steel rebar future in US is quoted at USD718 which is the international price. 1 MT = 1.102 US ton. Steel rebar future per MT in US = USD718x1.102=USD791.2 1 USD = RMB6.39. USD791.20 = RMB5,056.
Go to hardware shop or check with local contractors, what is the selling price of steel rebar ? RM 3,200 to 3,300. Still very good selling price.
The Malaysian price is still inline with US steel rebar future price.
It did not drop so much like China steel rebar future price. Thank you.
@valueinvestor88, don't be fooled by kyy, though he did mentioned he bought at 0.70 but the big chunk of ays were bought at 0.40. So no problem for him coz even though share price down to 0.63, he still on paper gain now. He may be quietly disposing for quick gain n we may be taken for a ride by him. Crafty old man
Aku tgk steel rebar futures normal je.. Knapa tgk iron ore price? Bukan kah steel = iron ore + carbon? Iron ore jatuh then reduce la cost steel.. Atau aku naif?
OTB- ignore the noise. The important thing is what we made from the market. I believe the steel market is at cross road between up moving or down going. China steel crisis is due to property issue linked to Evergrande while the construction drive in US will push the steel demand. In a more likely scenario is for steel uptrend continue as supply side destruction by China government will caused shortage. However iorn ore price will drop due to less demand from China factories. Will the strong demand in US/ Western countries and closing of China steel factories/ duties withdrawal result in bull run in steel price?
The thing is non of us can predict the stock movement. Unless those big funds work together to move the sector up. Like cpo/ plantation companies stock disconnect is one thing that puzzle the market. The PE is so low as companre with previous data. Investing is a risk and reward the investors who are far sighted.
RR88 is trying to get under your skin. He has no added value for you. If i am not mistaken he predicted many thing in Serbak and later on disappear. ( saying he won how much ). We are hear to learn from smart hand on investor like yourself. In share there is no right or wrong move. Even Warren Buffet cannot get right all the time. You being very successful in your past few stock picks. I am impressed with your Jaks selection where from a losing position you managed to get a win. Being a winner many will envy you and thus throw unsubstantiated comments to put you off.
OTB, i am learning from all the very top commentors in I3investor, you stand out as you tell what you think in objective ways. Most comments by others try to sway people to buy their stock pick. You are different.
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....
CITADEL
1,867 posts
Posted by CITADEL > 2021-11-10 14:24 |
Post removed.Why?