Everyone will expect stock price go up further but my advice is don't chase the price. Need to understand that many steel company show better earning for these few quarter doesn't mean that steel industry has recovered, it was due to trade protectionism rather than high demand driven. How much the steel price can go up if demand never increase due to gloom economic worldwide and how long the trade protectionism policy can stand if the supply (production) continue but overall consumption is low.
The director sells share can be because of any reason. It can be a very personal issue. Doesnt mean the company is having problem. In fact, everyone can see the condition of the company. With or without the increase steel price, cscstel is undervalued. When almost all steel company is losing money, cscstel maintain n still earning. How good is the management team? U judge urself. Even with the heavy selling, cscstel still maintain the price. Tat means someone is constantly absorb every shares sold by the director. They have enough bullets now. Time for uptrend party!!
CSCSTEL surge before quarter result released. that's mean for short term investors, they will take profit next monday. but u r right. let mr market decide whether share price upward or backward.
Our experts should give us some advice abt the share price drop after great earning result announced. If not mistaken, there are syndicate playing the game now to kill off those admires but no holding power, i would prefer enter the game when price drop back to 1.42
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....
optimushuat
530 posts
Posted by optimushuat > 2016-08-19 18:01 | Report Abuse
Paint house burn...