Posted by Tobby > 2022-01-20 22:59 | Report Abuse

To max steel theme, you should buy Annjoo! But today i bought AYS instead! Another fast money steel stock!
As for Hiaptek, it's just too slow! So i am selling it off as i make more from AYS!
My strategy is to average up on AYS!

Posted by Tobby > 2022-01-20 23:05 | Report Abuse

Looking at steel price movement, price of steel will only surge higher as we enter endemic stage and also oil price is almost usd100!
As for tech stocks, there's some heavy selling in US! But it's more like major correction going on there!
For Malaysia, i only see oil and steel stocks rallying in coming days!

Posted by Tobby > 2022-01-20 23:06 | Report Abuse

As for oil stocks, i got Hengyuan and Hibiscus! Unfortunately 70% of my portfolio is stuck in Genting!

Posted by Tobby > 2022-01-20 23:07 | Report Abuse

Anyway, i didn't take new variant into account when i bought so much Genting! However, having said that, endemic stage is almost here so recovery theme will follow suit!

Posted by Tobby > 2022-01-20 23:16 | Report Abuse

Damn! Just look at steel price futures! So aggresive! Bullish!

Posted by Tobby > 2022-01-20 23:18 | Report Abuse

While US is hiking rate 3 times this year, China is cutting rate! So no brainer who is smarter here! I mean, US in going big on infrastructure but hiking rate! On the other side, China is cutting rate and moving forward building their already impressive infrastructure! The winner is obvious!

Posted by Tobby > 2022-01-20 23:19 | Report Abuse

To me it's clear! China is waging spending war here! It will be hard for US as their dealing with high rate and steel cost! While China may suffer a bit from high steel price, they are playing long on rate!

Posted by Tobby > 2022-01-20 23:20 | Report Abuse

So that's why we see both oil and steel going up, up and up!