The copper oversupply has been known for many months. 2014 is predicted to be one of the biggest oversupplies in recent years. If this isn't priced into the stock by now, I would be very surprised.
Smith is clearly in the wrong here, not Kellogg. Kellogg is trying to save MFC and shareholder value. Smith, who knows what Smith is doing. He has lost all concept of reality and continues to lead MFC down a path of destruction. Looking for this stock to settle in the $4-$5 range when the shenanigans are finally over.
I am long AKS, but the put to call ratio definitely does not look good right now. Could be poised for a pullback like georgejabbs said.
Sentiment: Strong Buy
So Kellogg wants to nominate some BOD's. Wake me up when something actually happens here and the stock does something than go down all the time.
Same old analysts bringing up the same old stories, again and again. Somebody wants in at a lower price. What the heck is a "Steel Price Head Fake", by the way? Do they get paid to come up with these idiotic terms?
Pixelworks (NASDAQ:PXLW) major shareholder Becker Drapkin Management, L.P unloaded 325,237 shares of Pixelworks stock on the open market in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $4.41, for a total value of $1,434,295.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
To be invested in AKS. This is a multi-year comeback story. Trading this stock, trying to get in and out, will make you sick. In a few years you can pat yourself on the back for staying in it and making big money. There will be a lot of ups and downs along the way. Have your own price target set, but be realistic. STAY THE COURSE