You might be more right than I want to believe. 99% of the time, when I am all out, the stock doubles from there! In the past, I would hold depressed stocks for years only to liquidate everything when I've doubled my investment. I've learnt my lesson and always lock away hold shares and play with trade shares. Honestly, I believe AKS to be a $30-40 stock. When it gets there who knows. But I'll wait this time.
This is one for the record books...personally. To hit a triple in the stock market is rare, and I'm sure glad I sold the farm on this when it was in the high 2's. Took a load off the table today guys...sorry about that, but gotta take some profits in this finicky market! A shoutout to all the old timers here....um, I meant, seasoned veterans! LOL!! Let's take time to celebrate our winnings! I'm off to Miami this weekend, and have plans to explore the islands off the coast. Thanks Wall Street. Thanks AK Steel management. And thanks to short sellers...yes, you're betting against this guy is what makes me richer! Have a great one everybody!
Stock should be soaring right now, but the Wall Street cons have other plans. Looks like they are going to use Friday to scare weak hands into selling before letting this stock appreciate. If MM manipulate YOKU to 19 or 18 or less, then you should buy first, ask questions later.
The next quarter guidance is even better! There are too many good things going for Youku Tudou, let alone Alibaba's stake. This is clearly a company to hold for the long term.
Sentiment: Strong Buy
The Venetian. It was a fantasy bet that came true. Very rare occurrence. I am already making plans to visit Vegas before it gets too hot over there.
They were short on dealers at our caraps table so pit boss announced last shooter before they close our table. I threw a $100 chip on the Hi Lo, and the shooter hit aces. I parlayed that, and the damm-angel-of-a-shooter hits aces again! $45,000 in less than 2 minutes. Nice night in Vegas, still celebrating that.
I would enjoy it more if my predictions came true! Anyway I have personal formulas devised and my charts show a spurt. In retrospect I was wrong. I suppose you can say I was being greedy and those behind the price action are well aware of my positions. Anyway a profit is a profit, and I'm glad to create support. Had a fantasy come true in Vegas last weekend and that weakened my death grip on much higher price target. Luck elsewhere really does put a perspective on things.
Okay, my prediction was wrong. But the action does indicate that something big is going to happen. Either we jump up a buck or two or (sorry to say this) we drop a buck or two. At this point, I have no faith in this market. I sold several thousand shares and took profits on my $3 positions. IMHO, Wall Street is just too corrupt now, I just don't trust the MM behind AKS. If it goes up, kudos to the rest of you. If it goes down, then I'll have the opportunity to buy those back. GLTA
It's long overdue that AKS announce surprise beat both on top and bottom, plus (and that be a very big PLUS) AK Steel has Ultralume. A pop is going to happen this year, just can't say when. I'm just simply flabbergasted that this is not in mainstream news! But it's very likely AKS gets into the teens before CNBC and the like start ranting and raving about AKS.
Anything is possible, but I believe that AK Steel is out of the gutter and will not return. A lot of world issues causing downward pressure on the entire market, and AKS has been relatively strong and holding. What most people do not consider when a company offers a secondary is the possibility of expansion. You have to believe that AKS is growing again, and the price increases will make them money. I see this stock in the $8's by end of next week.
Youku Tudou is favored by the Chinese government and I believe this stock to have a valuation of $45-50. Jack Ma and other insiders are likely accumulating Yoku shares here. It's a strong buy here, and any further pullbacks are screaming buys. But as usual, most retailers just sit and watch.
Shareholders have to actually vote in the affirmative for this secondary to happen. If they don't vote or vote against, then the secondary will not be offered, and THEN it will be more difficult for AK Steel to move forward faster. They will move forward, but slower. If you're tired of the lagging, and you want this company to sprint forward, stop thinking about share dilution and vote FOR board's recommendation.
One more thing, the book value is much higher than $7. When we talk about dilution, it is not necessarily based on present price. You have to take into account all the manipulations that have occurred over the years, and based on my calculations, we are at least $5/share away from "balance".
Vote FOR Proposal 5. Vote FOR Board's Recommendations. This stock is headed to teens.
steelerman, AKS is just another stock, totally divorced from management. The insiders don't care about shareholders, and mind you, I'm talking about the moms and pops. Those large institutional shareholders buy/sell on insider information. Illegal, yes, but the SEC doesn't care. Every once in a while they'll arrest a Goldman underling, but the corrupt game will go on as usual. Your US government gets bribed to let them steal from you by rigging the markets. Having said all the above, why do you still risk playing this game? Because you CAN make money. I have, and I'm sure you have too. The stock market is a long term, I'd say LIFETIME, game you have to play! There is no end to it! And if you lose your patience, then calm down and remember your strategy. Perhaps reassess it. Like anything else in life, you either have a talent for this or you don't. GL
I believe that that news was put out to prevent saturation. This stock is overdue for a run. Just my gut feeling.
Okay, I don't care what you do, let's just get that out of the way. I am not pumping this stock. I post what I think, maybe just for self gratifying reasons of being correct about something. So short or be long...i don't care.
Recent moves in this stock suggest that is poised to move past $8 and near $9. Yesterday was interesting, in that it didn't go below a point I had mapped out as intense buying pressure. It was a shakeout of weak hands, or at least a major attempt. Large investors surely bought what the market makers had in inventory. Now the market makers will need to profit off those, so I wouldn't be surprised to see it edging toward $10 near earnings. AKS earnings should be good.
steelsmeel, this stock has pressure to attain a stock price of $11. The moves of late are classic of insider information being contained. If you made money selling at $7, then kudos to you. But patience is a virtue IMHO, when info leaks, you will have wish you waited.