I am waiting for a fundamental change that is positive for this company that will make me thing it can improve earnings consistently then what ever the price I will be in. teens, single digits thirties whatever. but I need the improvement in outlook and not hoping I want to see it.
Speaking of STEEL which iron ore is a major component, China is on the verge of a major
financial and housing bubble the likes the world has never seen before. If you watched 60 minutes last night you should unload this POS as the vacancy rate on buildings is beyond comprehension. These so called cities are ghost towns and this house of cards will put the U.S. housing bubble to shame. China is like an NBA basketball player with a multimillion dollar contract. China is new to capitalism and the NBA player is fresh out of the ghetto with no monetary or financial skills.
Look what happened to Japan, China is next and it will have a domino affect on us ALL.