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Saturday, May 10, 2008

Results are out! Case Study: A Tale of Three Steel Kingdoms

Talk Only Mah!: Case Study: A Tale of Three Steel Kingdoms

He he, the news was out on 9/May, about Malaysia scrapping ceiling price on steel bars. Now, it is time to take a look at these 3 steel kingdoms' performances since I last blogged about it...
1) Annjoo +16%
2) Kinstel +10.71%
3) Onastel +7.7%
My pick on Annjoo about 3 months ago was genius like. The credits should go to Chart Reading. Nonetheless, I think the steel play is over, since the news has already removed market anticipation.

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Words borrowed from Dr. Alexander Elder:

Trading is so exciting that it often makes amateurs feel high ...Nobody can get high and make money at the same time.

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