What I do know is there is a gap below and it will fill, They always do. sooner or later. Solid advances never have gaps.
There is no gap @ 7.50. Unfortunately, gaps above the price don't mean a whole lot anyway. Gaps below the price all most always fill. Said and done I still like the $6.
Obama has sold the whole country down the drain, union leaders are no worse than the average "Joe" Soon to be the USSA.
China does nothing for the U.S. that is in not in the best interest of China. China is at WAR with the U.S. China's goal is to 1 day rule the world. This is just another battle, and Obama is to stupid to see it.
China is at war with the United States. Subsidizing steel to dump it in to the U.S. is just another of the battle fronts. Too bad we are to niave in this country to do anything about it. China is winning the war.
Sometimes what you see last week can help you next week. Chill out and relax...
Tell me why it didn't have anything to do with earnings last quarter. 30 mil for the reline came from somewhere. This is just Major expense they don't have to deal with this quarter. So all else equal this about .20/share that goes to the bottom.
It has to come out pretty soon. I wanted to pick up some easy option money, but I'm thinkin' I'll just sit tight right here.
It was Friday option manipulation, see it here every Friday.
Auto manufactures buy most of the materials with LTA's.
There's a gap there. It needs to be filled, They always do. 2 gaps filled today. Once the gaps fill then we can take care of our business.
There are 3 gaps that need to be filled. Two could easily happen in a day. But however it comes down I think it's going to be soon. Next month AKS will talk about 2015 expectations and that will change the entire landscape, IMO.
Earnings. Earnings have been better (improving YOY) but don't expect much until they actually make a profit. Conference call coming in March should detail future expectations which will be the up (or down) driver
GM reports record sales/earnings, the other automakers will do the same. Where is all that steel going to come from? .