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General Steel Holdings, Inc. Message Board

  • defteq defteq Aug 7, 2009 10:10 PM Flag


    The Oracle of Omaha, Warren Buffett once said that in the short term, the market is a polling station, and in the long term a scale. The last three months have been a reflection of a small cap stock with no catalysts and 0 PR at the mercy of short sellers, some naked, miniscule institutional interest and third-tier analyst coverage. Now at LONG LAST we get to bring out the scale. How much steel was produced? What was the cost of production? At what price was it sold? How are the other JV's doing? What does the future hold? Hopefully we will have our answers Monday morning. I truly believe this is the inflection point, the moment GSI goes from being an off the radar penny stock to an "it" stock breaking out to an all time high. These markets are desperate for value as just about every stock on the charts is overbought. GSI will have it's day in the sun, and I believe that day is Monday.

    (Then again, I could be wrong)

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    • Come on Monday

    • If it's not Monday, it will come sooner or later like always happens with good stocks.

    • We have been focusing on rebar in north and western china because that is Longmen's sweet spot. GSI is more than Longmen. Up to now, Longmen has been carrying the load. I expect Longmen to have very good numbers, but the kicker is going to be the performance of the other segments.

      Reflecting on the posts of the last few weeks, we have been emphasizing those headlines that speak to Longmen because that is where most of the revenue has been, up to now. Longmen has the new furnaces and Longmen is the jewel in this setting, but I will be surprised if we don't see some good numbers from the other JV's as well. Personally, I'm glad the week is over. Now comes the moment of truth as defteq pointed out.

      For those that are new to the market, and we seem to have a few on the board, let me offer this advice. MOST of the time, the share price will take a hit in the days following earnings announcement. I don't expect this to be any different, don't let it get you down. There's nothing wrong with your valuation of GSI, and there's nothing wrong (up to now) with it's future. China is not about US market manipulation. Certainly not like our own overly-sophisticated self-serving Goldman-Sachs-ring-knocking big-on-eloquence (and spending on losers) government. I'm a hard-core republican, and I get disgusted daily with the leveraging of our future for the failings of the chosen few. If we are going to do what's right to bailout those that DESERVE to be bailed out, fine, but please don't ask our children to pay for the failures of gamblers that thought they were smarter than the average guy and now claim the whole house of cards will fall if they are not 'saved'. That just sucks. I say, everyone takes a few thousand out of the bank, or move in with a relative, and let the chips fall where they may for a few months. Let the banks that are not tied to enormous debt pick up the pieces, jail the scumbags that didn't step up when that was their job, for God's sake, don't give them a golden fact, just shut down television broadcasting from 9 am to 6 pm. You might be amazed how much work gets done when we aren't providing 'entertainment' for those content to sit on their ass.

      Man, that felt good, haha.

      Don't let any dips get you guys down. You've picked a winner and it will do right by you.

      • 1 Reply to takinouthetrash
      • curthanson Aug 8, 2009 2:37 PM Flag

        Thanks for your post about MOST of the stocks take a hit after earnings announcements. I know I've read that before but I forgot about that. Do they just try to "Shake the weak hands out".I don't like to "Read between the lines" and on your posts (takinouthet) you don't have to. I liked your statement about "China is not about US market manipulation". Keep up the excellant posts you find and your opinions. Our opinions and feelings are two of the freedoms that nobody can take away from us in the USA..Curt

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