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AK Steel Holding Corporation Message Board

  • georgejabbs georgejabbs Feb 27, 2013 10:15 AM Flag

    You all still don't get it

    I took on a fairly large short position when AKS was @4.75 recently, and although it went to around $4.90 briefly, it slowly made its descent to where I have been profitable. I am quite profitable at the moment. So for those of you who think this is going to $5 or higher, you are dreaming. Sell it...you will make more money.

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    • Congrats if you've actually made money on your short. As for me, I feel much safer being long on a stock that's around $3.75/share and has a ten year historical range of $1.74 (9/26/2003) to $73.07 (5/21/2008) and a has 20%+ short holding, but that's just my investment philosophy. To each his/her own.

 
AKS
4.44-0.25(-5.33%)Aug 30 4:01 PMEDT