those companies which have large establishment in China ,and products rely on sale to US market,really needs to watch out if their products affected or not.for examples , MPI, VS , ...etc
Sentiment might be improving, China prepare to be more open, protect foreign IP & revised foreign share to 51:49 ownership for foreign companies open biz in China. US-China trade relationship will have a talk soon, as both trade war not economic benefit for both sides.
Be fearful when others are greedy, and be greedy when others are fearful.” Business fundamental & petrochemical macro sector is on good projection. You may value the potential with low PE, good business recovery for 2018. Some more majority fund mgr bought Lctitan ard 5.90 to 6.10 range, there sure have some support there.
Those other penny, high risk stock people also dare to buy for speculation, why this we so worry off? Risk come from not knowing what you buy.
Asia market is rebounding, Nikkei & South Korea turn positive +100pts. Hang Seng, Sgp Straits rebound up, perhaps table talk is on-going btw US-China, some light in the tunnel finally?
Do not trade warantt CG, it will burn off your money. Even if reach 6.50, it still worth zero as it baseline exercise is 6.50 & expired on end April. Better buy mother share instead of warantt. Slow and steady win the race. Don't be greedy.
On the other hand CG will expire out of money and has no value, downside risk too big... better stick with mother ... if mother really hit 6.5 that's 8% return in 1-2 weeks, in addition of upcoming bonus of 22 cents ......
Not encourage go for warrant for this share, this is long term investment share. Buy and keep, no need worry so much for 2018. Those buying warrants just having gambling with investment bank.
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....
newbie911
1,111 posts
Posted by newbie911 > 2018-03-24 16:53 | Report Abuse
But why pchem x drop?