24 million shares traded in just the first half hour of trading, and all of this for a stock pricing at $9? I've been in this a long time, and I've never seen that much volume at much lower prices, so it begs the question, are the big boys taking on short positions or long positions here? I've been taking money off the table during this rally to $11+, and today is the first time in a long time that I'm nervous. I've decided that I'm taking another chunk off, sorry to the longs. Personally, I'm getting tired of the roller coaster that AK Steel's management force shareholders to ride. Why not just build on momentum and keep it going? I just don't get these guys! Anyway, I still thank them for what they did, and that is, make me tons on money. But I'm not willing to lose all my profits here. Anyone's guess where it goes from here. I'm blank on the matter. GLTA
sulhaj, i thought you were short. I recall you confronting me every time I advised buying and holding. You kept telling me to stop smoking something? Did you change course and not let anyone know?
I don't know, good question. LOL! Probably shorts that we ran over. Good to see you hung in there! Those were some heavy times we went through, huh? Nice to see a bunch if richer shareholders here!
I actually agree with you, it can happen. But you said it yourself..it's an issue of when not if. So what's to stop this stock from going to $12....$15....$20 FIRST.......and then afterwards they dilute it? Maybe it will run to $18 and then dilute it to $14.
For at least the last 4 quarters when AK Steel reports earnings, the date of that report falls on a major sell-off day/- 48 hours. AK Steel has been on a tear this year, but does anyone find it peculiar that the general market sentiment about the time AK Steel reports is negative? Very strange coincidence to me.
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!
I never understood why on a day like this, when DOW is breaking record highs, a staple stock like AKS fails to participate. Breaking 17K, and AKS is flat. We should be at $10 right now.
I have been in this stock for years and at $8.40, you bet I'm selling! I got so bored with the lack of action that I took this off my watchlist and placed an alert. Once it crossed $8, I've been taking some off the table. Not everything, but I am taking profits while the getting is good. Steelshmiel is correct though, these market makers cannot be trusted. I've been whipsawed by market makers so often that it's become abundantly clear to me that they have been trying to shake out those who got in at $3. They have a bad habit of dropping this stock, and if they do, I won't have any regrets having sold into this rally. My PT is $15 on my HOLD shares. But I'm working my TRADE shares on this rally! Still waiting for ultralume to hit the mainstream. It's off to the races when that happens! GLTA!
Thanks, but you should really be thanking your CEO. Victor Koo and his team want to run a shareholder-friendly company, and if you hold your shares, he will make you happier than you are today.
Unlike many Chinese CEOs of Chinese companies, Victor Koo actually loves his company. Youku is his baby! You can see his pride, and he is genuinely embarrassed when YOKU share price is depressed. A CEO like that will not allow his stock to be undervalued for too long. Not only does he want to save face, as is very important in China, but he wants to materialize his true ambition, and that is to make Youku #1 in the world. And Victor Koo is the type of man who can do it.
Ever since the IPO, Goldman Sachs has loved Youku. You just gotta buy the pullbacks...ANY pullback. You know you're buying with the big boys when you do.