I think SIM bottomed out. If you look at the other steel stocks, they were not hit as hard during the same period. For some reason, SIM quickly lost ground without any negative news. I think many people were reacting on fears and trying to hold on to their gains over the past year. SIM is strong in financials and growth. If SIM, truely bottomed out, it's time to buy more and enjoy the ride back up. Check out this news report. It sounds like SIM is a stong company!
Dec 21, 2006 (Hugin via COMTEX) -- Tapiola Asset Management Ltd, the 5th largest asset manager in Finland, has chosen SimCorp Dimension as their future asset management platform. Recently, Tapiola increased its focus on asset management by merging Tapiola Asset Management Ltd into Tapiola Fund Management Company Ltd, which now has approximately EUR 5.1bn assets under management.