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Schnitzer Steel Industries, Inc. Message Board

  • a.stilli a.stilli Oct 23, 2012 3:02 PM Flag

    Day Trading

    Since there is a thin market in this stock (relative few shares outstanding), it moves quickly in either direction and has become a prime stock for day trading, i.e. buying long and selling short for quick profit all in the same day. This is the reason for the wide fluctuations. Tomorrow there will be few short sellers and the stock should move up strongly in anticipation of the strong earnings report in the A.M of the 25th before the market opens.

    Sentiment: Buy

23.25+0.55(+2.42%)Oct 21 4:00 PMEDT