lightened up on big number of my shares today over $10, didn't like the action and I think the market is in for a downer pre or after Fed. European market is still in big trouble and China has more steel than they need in spite of the $ flowing into their recent building announcement.
to bad this is FRD season. Sells exclusively in US (mostly to US Steel). Oil and gas exploration and transportation is ramping up. They use steel piping and what does FRD make - no brainer. Get back in and enjoy the dividend till December.
yes I was wrong yesterday but never expected the helicopter to drop sooo much money on the market. Unfortunately I was at a med appt. throughout the 200 point move but in keeping with my bearish outlook this morning I replaced the FRD dollars with GLD prior to market opening and lucked out.
I saw the dump on my level 2 wondered who sold it so quickly and hard, at least you made a profit but I am still holding, one of my conservative investments with a good dividend and growth I play with aapl and GS to kill time. done real well on GS but couldn't get it timed right today always 10 seconds behind the trade and didn't get any done today and should have gotten 4 or 5. market volatility was crazy today