This is a steel company. The only turn around for this company is when they turned the direction of the stock price down. It is the financials and internet companies that are going up. The companies that benefit from Ben printing money. The financials receiving the money are not buying steel stocks. It is the Amazon's, Google's and financials they are buying. They may be shorting steel stocks and making some money that way.
GDP went down. Big trigger to sell steel stocks. They are just sitting on the offer selling and shorting. Down it will continue. When they get in this trend it is down, down down. Looking for it to break 20. Staying short.
FEBRUARY of 2011 there was a nice train ride from 61 to 22. FEBRUARY of 2012 there was a nice train from 32 to 17. 2013 we are starting the train ride the end of JANUARY from 26 to (you pick the price). enjoy the ride.