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Mechel OAO Message Board

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  • great_stox great_stox Jul 2, 2007 2:16 PM Flag


    Yes, you'll get your div... But why would you want to sell?MTL is a great long-term play. A year later you'll be kicking yourself in the head that you sold it so cheaply.

    I'm speaking from a personal experience :) I sold 200 sr. of WBD at $39 in May 2006. Today it's at 108... Worse yet, in Oct. 2005 I foolishly sold 200 sh. of ICE (at a loss!) at 33. Right now it' 146. Man, that hurts!..

    With MTL I was in and out of the stock - quite successfully - in 2005/2006. Eventually, I decided to relax and just enjoy the ride (along with a div). Today my cost basis on MTL stands at $24.14 per share. I plan holding on to my sizable stake indefinitely...

1.85+0.06(+3.35%)May 31 4:02 PMEDT