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4.5¢ atlas iron limited

I have been accummulating bought 4 lots already. Will buy more :)

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Samng

570 Posts.

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31/07/17

23:42

Post #: 26201259
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Originally posted by badhan ↑

Everyone here is not sure whether IO go up or not. But IMHO it will go up. Why?

1. Look at the history, it always this time of the year IO runs in China until Chinese New year.

2. Check the steel rebar price in China it will tell you when every year demand is high.

3. Contact any of the rebar exporter in China and talk to them about importing rebar to any of the developing Asian country and ask them about price movements during different time of the year.

4. I have two close friends one from Vietnam and another from Bangladesh. Both of their families are involved in rebar importing business from China. Both of them are telling me that stock is low, demand is high but supply is low too. Both of them are loaded with AGO.

These are all my own opinion and only my own strategy.

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I have been accummulating bought 4 lots already. Will buy more

AGO Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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