Only downgrades after Nucor's IMplosion steel prices tanking, so is steel stocks, get out get out, see ya at 30$ a share in a couple of months. Obvious top at 43. Usually bounces off 40's, i dont it will this time!
what a wussy to sell this bad boy ! this company is the king of steel industry....it doesnt get affected by little pawns such as Nupon...Do you even have any strong stance on why it would retreat back to 30? lol... this company has got some strong muscles to fade off all the odds....histor speaks for itself...look at it when it was as low as a buck 2-3 yrs back...and look at it now ! almost 43$ !! thats called progress, beating all the odds that the steel industry has faced in the past 2-3 yrs ! so hold your horses, and dont let ur wussy thoughts affect other new investors...in the long run, once all the negatives are fixed with its merger issue, this company is going to outshine ! controlling North America , Europe, China and India (the new plant in Jharkhand )...thats crazy !i say Laxmi Mittal's the man! this bandwagon is sweet in the long run for sure...dont cry when u see this stock more then 52$ mid next year ! once the merger is completely done ! see u then !