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 Steel is in play!, And the upside is real

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TSdagnarus
post Aug 9 2018, 11:19 AM, updated 6y ago

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Steel sector is having a blast.

China sky blue policy
Sky high steel prices
Eroding supply
Decent demand
TDM visit to China
Possible reinstating of Malaysia mega project


What's not to like?
Hope you guys are already onboard. The run has been going on since Monday!
danielcmugen
post Aug 14 2018, 10:41 AM

Look at all my stars!!
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Already on board. Annjoo. But havent gone up yet.
TSdagnarus
post Aug 14 2018, 10:44 AM

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I think annjoo will stand to move later, probably the slowest but also the most reliable. Rather than volatile like the small players annjoo will most probably have a steadier climb
Morales
post Aug 14 2018, 10:55 AM

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eyeing on lionind and masteel
TSdagnarus
post Aug 15 2018, 03:33 PM

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QUOTE(danielcmugen @ Aug 14 2018, 10:41 AM)
Already on board. Annjoo. But havent gone up yet.
*
Moving nicely today...

QUOTE(Morales @ Aug 14 2018, 10:55 AM)
eyeing on lionind and masteel
*
Lionind Ian relentless. Gained almost 50% already from my entry. While some even more optimistic I would ask to trade with caution if you want to enter.

As for MASTEEL, I'm definitely positioning myself right about now, or tomorrow for an entry...
icemanfx
post Aug 21 2018, 10:46 PM

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Dt's levy on steel has negative impact on steel price outside the u.s as those used to export to the u.s need to find alternative market i.e more supply and competition.

China slowing down on mega project will create excess capacity in China, could mean more for export market.

This post has been edited by icemanfx: Aug 21 2018, 10:48 PM
TSdagnarus
post Aug 21 2018, 10:47 PM

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Btw the PST three days steel died already.

Next play would be quarterly result...
Morales
post Aug 22 2018, 09:32 AM

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Annjoo's result coming out is it?

 

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