Aluminum Corporation Of China Limited Message Board
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Technical Selling
A look at the chart shows that a large block seller sold about 27k shares around the open and triggered what could only be automated technical selling... This is rather ridiculous considering there have been no fundamental changes in the stock's industry, competitors, value chain, etc.
If anything, this is a great buying opportunity.-
I don't understand why ACH drop like a rock in USA market, I saw ACH went up 10% at chinese maket (601600) last night( they are 12hrs ahead of us) and last friday was up to 6.8%:
http://data.cnstock.com/securities/index.action?exgId=601600&type=stock
I bought ACH at $51, and hope it up again soon.- 1 Reply to chuqingyou
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It drops its price so that some one can buy at the lower price
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You are soo wright. We are bouncing up and down with no data backing up the movements. Remember, we will be much higher in 6-12 months, this is an outstanding company good luck
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You better hope so! Or was this just another stock that was pumped and dumped!
- 1 Reply to aborromeo1
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Umm... a pump-and-dump stock doesn't have a PEG of 1... oh and lets not forget that its fundamentals are ridiculously solid... oh and the BV per share is 3.63 (i.e. almost 1/10th of the share is pure cash... which for an industrial firm is ridiculously good).
This stock isn't going anywhere. Its just the victim of temporary automated trading.
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