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AK Steel Holding Corporation Message Board

  • georgejabbs georgejabbs Sep 3, 2013 1:46 PM Flag

    AKS downgrade. New price target = $2.65

    If you own AKS, consider selling and buying back @ 2.65
    If you are on the sidelines, wait for $2.65
    Don't short on margin...too dangerous
    And avoid options...waste of time and premium

    Make your bets NOW before the analyst community make the same announcement I just did. Consider yourself very lucky and fortunate to have read this post before all the incompetent analysts announce their downgrades. A lot of money to be made if you make your move NOW.

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    • I bought it at recent price and lloking to gain 10% in 3 days.

      Sentiment: Strong Buy

    • George,

      Good to hear from you. Glad to know you're still kicking. So I see Moody's downgraded the debt of AKS. I think they are a little late to the party, since they cite weakness in Europe and China. Last I heard, Europe has posted some incredible manufacturing numbers and so has China. That doesn't even take into consideration the auto sector and residential construction in the U.S. which has posted some strong results.

      One takeaway from the Moody's downgrade is "OUTLOOK STABLE". That is music to my ears. AKS is not going anywhere, they are not in trouble. True, Q3 will probably be ugly, but don't you think that is priced in by now? So perhaps the stock goes down to $3 with the whole Syria thing, but the future looks brighter in 6 months to a year. We all know the stock will run before there is any indication that the company is really starting to turn things around. By then, most of the gains will be had. I am not buying more at this point, because I feel I am already too exposed to material stocks, but I still think my $3.56 cost basis will pay off. Using a quote you once stated on this board, I am being "stubborn as a mule" on this one.

      • 1 Reply to gp5561
      • Theoretically, the bond downgrade should be great news for stockholders because that means real wealth transfer into equities. Practically? AKS should double by EOY just on that news. And while AKS should be soaring, it appears Goldie will make another attempt to shake out the weak among the strong still in this. Yeah it will be a slow grind down and a slow grind up. Who knows what those #$%$ are planning. But I intend to invite new money and new players to poop on that party! I've got Goldie at checkmate. Either they let this thing float fast, or keep it submerged with money they are surely going to have to get out from their other holdings. Fed tapering is going to kill Goldie.

    • Is this your personal downgrade? If you are going to spout down grade please list the analyst and reason for said down grade. Other wise it is just garbage.

10.62-0.24(-2.21%)Aug 28 4:00 PMEDT

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