The world is playing catch up with iron ore, aluminium, metallic simicon, semi con, rare earth and crude oil. Losers like Aaron whatever should read more instead of google for quick answers. Thanks why these losers dont win money
Pmbtech is only barely three weeks old in terms of the climb from its standing position to nearly 15. It took Sam more than two months to get to 24. Patience is the key.
Ya lo.....Aaron tan once sillicon price dropped globally,tis shares price will come down....huge demand for sillicon is still there...so tis company will make huge profit in future by increasing their production......only few ppl will udstd business strategies.......Aaron tan think he can brainwash ppl here.....only weak investor will be his followers....hahaha...
China is the biggest silicon manufacturer in the world, producing 68% of all the silicon manufactured in 2020. And now they are short on power due to high coal prices, and low rainfall at their hydroelectric dams. Now currently their coal mines are flooded making their problems worse.
Production of Silicon metal is a very energy intensive process and PMB is producing these products using hydroelectric power and hence, they are not effected by high gas, oil or coal prices like the other manufacturers are currently facing.
Prices of silicon metal is currently about 4x the average price a few months ago. It was reported that high prices will remain until summer 2022.
A lot of name calling here, saying sifus here and there but all are here to share. Decision to buy or sell is up to you. Please do your own research.
Unlikely to move up much today because lots of contra players chasing over 15 on Monday will need to be flushed first. Too much resistance if they push up today. I foresee that the price momentum will pick up probably tomorrow after 4 or Friday. Nevertheless the price is holding up well around the 14.60 mark which is a much higher low. Always a good sign of uptrend stock. Stay patient.
Almost all commodities are trending up and playing catch up post endemic. PMB is one of those in great demand, metallic silicon and aluminium is needed everywhere. Ah pek worked as director in iron ore company before retirement. Don’t listen to Aaron because they didn’t have money to buy.
Just take a look at the 3 month chart. The trend is so painfully obvious that a child can almost predict the next wave. Not trying to influence anyone because it doesn't make any difference to the price whether you buy or sell. It's decided by the operator and the exceptional market circumstances favouring pmbtech. I'm in profit by 40% but I'm not selling. Might start to consider when it's at rm30.
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....
Thks1956
430 posts
Posted by Thks1956 > 2021-10-12 19:16 | Report Abuse
Global shortage and this situation will
Not improve with logistics cost increases as well