I just bought back half the trading shares I sold on 7/5 for 19.25 at 16.97.Support for AP price today not looking good.
Support is not messured in a given day and is only justified only by the end of the third day of trading and close. HOWEVER, LOWER LEVELS MAKE GOOD BUYING OPERTUNITIES WITH SUCH A HIGH YIELDER AS Ampco-Pittsburgh.
Dave you mist the boat.
Sentiment: Strong Buy
I still have almost 2/3rds of my position.
But had been trying to buy back enough shares to be where I wanted to be in the 16.90 thru 17.53 range in various accounts - depending on where last sales were. Then it started this run.
FYI FRD had run last week (even smaller steel company with higher divvy) and it's actually down some today.
nothing to do with the chart, it's the litigation , almost over
Sentiment: Strong Sell
I thought I remembered asbestos troubles, AP wanting to get a figure to fund the settlement pool and be done with it and the judge wouldn't let them do that.
Last talk I had with IR a while ago they claimed no such problem existed.
So I ask what are you talking about?
Wow 16 may not even hold today.Chart says could go lower than 15.This is nuts and I'm about outta cash.
Bought back the rest of the recent trading shares at 15.87 and LOD is still listed as 15.91 which means we're going lower.