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ArcelorMittal Message Board

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  • one_world_one_govt one_world_one_govt Apr 29, 2005 9:56 PM Flag

    Mittal Steel unable to forge deal HCz?

    Only a fool would accept Mittal stock at anything but a 30% discount of its current trade...Look what just happened..34.50 to barely 24.00....I bought this at 28 and change...Never imagined we could be at 24.00.

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    • dont panic summertims a comin !! does any have any info about mt going after stld? what was the bid?

      • 1 Reply to steelvet
      • Right on, summer time is coming. Mills aint blinking, its eye ball to eye ball with the buyers. The line is holding albeit it with a small crack here and there, but the line is definately holding. The next 1 months will tell us where we stand in terms of this inventory correction in the US and Europe.

        Lets see what Mr. Greenspan has in store for us on Tuesday.

        I am optimistic. Oil will retreat, If Greenspan skips a beat in his "measued pace" mantra, then we are off to the races again, and if china revalues the yuan in the next 3 months (may be not on memorial day but that sill leaves an option to revalue a little bit later) then chinese steel got that much more expensive thanks to the currency speculators.

 
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