| Latest Forum Topics / HG Metal Last:0.265 -- |
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HG Metal a hidden gem ?
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Integrity
Veteran |
16-Sep-2009 20:00
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Wondering who is that substantial shareholder selling these 2 days? | ||||
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dealer0168
Elite |
16-Sep-2009 18:43
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The ADX is pointing up, n interested buyer are getting more. Welcome here Rachael. Cheers.
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mortal_azazel
Member |
16-Sep-2009 16:11
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It seems like 0.125 is the support line base on the TA ... 
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rachael
Member |
16-Sep-2009 15:59
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 Yo...Dealer, saw your posting here so decided to join in the fun as well... got in at $0.125
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Integrity
Veteran |
16-Sep-2009 12:31
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Very strong support at $0.125. |
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tchoonw
Veteran |
16-Sep-2009 10:27
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yesterday heavy sell down but also seems like heavy absorbtion by BBs... |
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TuaPekGong9413
Elite |
16-Sep-2009 10:07
Yells: "deity" |
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movment resembles last oct....suddenly downtrend then all the way down.... | ||||
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dealer0168
Elite |
16-Sep-2009 09:54
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This one hit at 10 cents might be low as per intergrity. He/ She maybe right. The shareholder will shoot HG metal if they got there. $0.125, i thk still ok. I'm Vested. Hope HG Metal don't let me down loh. |
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lawcheemeng
Master |
16-Sep-2009 09:40
Yells: "fly me to the mooon" |
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10cts time to buy.....hehehe........not now.....start to trend down only.....................sti open up close down....sti open down close up....this trend leh..... | ||||
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TuaPekGong9413
Elite |
16-Sep-2009 09:32
Yells: "deity" |
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yesterday selling down like mad today starts to uptrend. crazy stock....later if STI go down agian those who rush to buy now sure kana shit | ||||
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kwphan
Member |
16-Sep-2009 08:03
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If it drop below 9c, ALL shareholders will chase after CEO! LoL !
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Integrity
Veteran |
15-Sep-2009 17:29
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If it drop below $0.10, the new shareholders will chase after the CEO. | ||||
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dealer0168
Elite |
15-Sep-2009 17:13
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Normally this type of drop will last for a few days if bad one. Maybe we can get below 0.10. See first, cheers. |
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TuaPekGong9413
Elite |
15-Sep-2009 16:53
Yells: "deity" |
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price veri attractive now but think better wait to see if there's any reasons/bad news..... |
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TuaPekGong9413
Elite |
15-Sep-2009 16:38
Yells: "deity" |
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so its becos of china again? knn | ||||
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edskh78
Member |
15-Sep-2009 16:21
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Hope the shorters are caught out blind. | ||||
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Integrity
Veteran |
15-Sep-2009 16:13
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China's monthly steel production hit a fresh high in August at 51.65 million tons, up 21% year on year to represent a record daily production of 1.67 million tons, according to a Morgan Stanley research note Monday. | ||||
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Integrity
Veteran |
15-Sep-2009 16:11
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Steel market poised for losses as China output hits recordExplore related topics Asia Pacific Nippon Steel Corp Nippon Steel Corp Kobe Steel Ltd Adr Story Quotes Comments Screener (66) Alert Email Print ShareBy Myra P. Saefong, MarketWatch TOKYO (MarketWatch) -- Coming off this year's highs, steel-maker shares in Asia are unlikely to revisit their peak levels from 2007 anytime soon, with steel output in China at a record pace and prices for the metal on the decline, analysts said. China's monthly steel production hit a fresh high in August at 51.65 million tons, up 21% year on year to represent a record daily production of 1.67 million tons, according to a Morgan Stanley research note Monday. China's "steel inventories are now over 11 million tons, similar to the last peak in March 2009 -- which suggests industry over-production," the analysts said. Earlier this year, steel prices were "depressed" but "we were at the onset of the Chinese buying spree," said Marcus Hudson, president of Hudson & Associates, a commodity-hedging advisory firm. 'In short, the steel sector -- globally and in most regions -- had a decent summer, but now things look iffy again.' Joseph Innace, Platts Steel Markets Daily The moves in steel prices have reflected onto steel producer shares across Asia, many of which reached their lowest levels of the year around March but went on to tap year-to-date highs in August. "In short, the steel sector -- globally and in most regions -- had a decent summer, but now things look iffy again," said Joseph Innace, managing editor, Platts Steel Markets Daily. By the close of morning trading Tuesday in Tokyo, Nippon Steel Corp. /quotes/comstock/11i!nisty (NIST.Y 37.80, -0.95, -2.45%) /quotes/comstock/!5401 (JP:5401 339.00, -9.00, -2.59%) and Kobe Steel Ltd. /quotes/comstock/11i!kbsty (KBST.Y 9.44, +0.24, +2.61%) /quotes/comstock/!5406 (JP:5406 165.00, -3.00, -1.79%) had each lost 1.8%, while JFE Holdings Inc. /quotes/comstock/!5411 (JP:5411 3,220, -10.00, -0.31%) fell 0.6%. On the other hand, South Korea's largest steel maker Posco /quotes/comstock/13*!pkx/quotes/nls/pkx (PKX 99.44, +0.53, +0.54%) tacked on 2.5% and Angang Steel Co. was up 0.8% in Shenzhen trading. Overall, stock trading in Japan was mixed, with the Nikkei 225 Average up 0.1% and the broader Topix 1000 down 0.2%. South Korea's Kospi fell 0.6%. Trading in Hong Kong was closed for morning trading due to a typhoon. "Ongoing weakness in Asian steel prices is likely to weigh against sentiment towards steel stocks in the near term," analysts at Goldman Sachs JBWere wrote in a recent note to clients. On the other hand, "this may provide a good opportunity for longer-term investors to increase their exposure to the sector," they said. Price cut Steel company stocks were particularly weak in Japan Tuesday after the Nikkei reported Tuesday that steel makers agreed to cut prices for plates used to build ships by about 30% for this fiscal year. The move was due to lower costs for steel-making materials and weaker demand for the material in Asia, and in South Korea particularly. In mid-May, the export price of Chinese hot-rolled coil, also known as HRC -- a bellwether product often shipped to key Southeast Asian markets -- was at $495 per metric ton (on an free-on-board Shanghai basis). But by early June, HRC was down to $465 per metric ton, according to Innace. Prices then surged 29% to peak at $600 per metric ton on Aug. 6, only to drop again, this time by about 14%, to its recent price at $515, said Innace. The initial steel-price recovery in May was "largely due to country economic stimulus program[s]" in China, Japan and elsewhere, Innace said. But "such programs allowed economies, especially Japan's, to help liquidate steel inventories and generate some restocking." "End-user 'real' demand for steel has been elusive in Japan, the U.S. and Europe," he said. Over in China, the buying spree seen earlier in the year "seemed to be more stockpiling and less demand-driven," said Hudson. And taking a look at what China is producing versus actual demand, "it is apparent that they won't be supporting the global steel markets anytime soon," he said. "Couple that with slow demand recovery in the U.S., and you get an outlook that is not too bright for steel," Hudson said. Even so, analysts at Morgan Stanley said that after a slowing of production growth in China near the end of August and the concurrent drop in steel prices, the metal should begin to stabilize soon, with "improving news flow to support regional steel shares." | ||||
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dealer0168
Elite |
15-Sep-2009 16:11
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This one better than Transcu. Transcu fall is the worst.
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dealer0168
Elite |
15-Sep-2009 16:09
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Some more.......i queuing below........ 0.12 not enough. Come on......Shortlist |
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