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Olympic Steel Inc. Message Board

traderbbc 7 posts  |  Last Activity: Nov 20, 2015 9:29 PM Member since: Mar 11, 2004
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  • Reply to

    Loks like

    by ronbiker1 Nov 19, 2015 5:03 AM
    traderbbc traderbbc Nov 20, 2015 9:29 PM Flag

    Its heading back down mid 3's all the chart genius people on the board said it would not I ate my losses said it would it might get down to the low 4's and it did. Tax selling year end will drive it to the 3's no doubt in my mind not short not even sure I want to take a chance in the mid 3's but it might be worth a shot. They will say no way I am a buyer on the way down but sometimes better to sit it out. There is no reason to buy this until there is at least a glimmer of oil prices moving up, so what is the best scenario for this stock they earn 5 cents a share next year, maybe if that.

  • traderbbc by traderbbc Nov 19, 2015 8:38 PM Flag

    I am clueless when it comes to Reits starting to do research I like what I see from this stock. My questions is are the dividends they pay qualified. Please excuse my ignorance I am getting older and looking for income any stock appreciation is just a bonus.

  • traderbbc traderbbc Nov 17, 2015 4:00 PM Flag

    You might be right but a trip back to the low 4's would not surprise me either. Its an even driven stock dependent on new contracts unless there is a rebound in oil prices which myself probably don't see until next year. I am out today going to sit it out took the loss will look at it again next year. You might see some tax selling in this before end of year also but good luck everybody.

  • Reply to

    Gap up and big volume over 5 is very bullish

    by chasserman Nov 11, 2015 6:40 AM
    traderbbc traderbbc Nov 16, 2015 7:03 PM Flag

    I think we will see 7 this year if we have a santa clause rally. I also like chas have some shares at 8 but averaged down so about even as of close today. Looking for maybe 10 next year if everything goes right and oil rebounds.

  • traderbbc traderbbc Nov 11, 2015 3:11 PM Flag

    Well I hope they are buying today unless there is some kind of blackout period when earnings are released. They really have not bought back that many shares considering the plan is up to 20 million.

  • Reply to

    Expect to see $8 tomorrow.

    by sawyers.eddie Nov 10, 2015 4:05 PM
    traderbbc traderbbc Nov 10, 2015 7:33 PM Flag

    I agree with you here does not hold 8 who the heck knows. I have had a good year except for this one I am a long guy and a trader guy. Sometimes you just make a mistake what worries me about this and by the way I think the RTI decision was a good one but even if Aluminum demand increases if the Chines. e keep doing what they are doing and you can argue all u want that they are not so tied to those prices it will not matter. Question we all need to ask ourselves is do you really want to gamble since at this point u can be stuck here for a lot of years when there are other opportunities. Got a stop not far from here and although I hate to lose money its worse to get trapped for years even though at the end u may be right. There is something wrong with a stock that goes from 17 and change to 8 and change, maybe its the bottom but sometimes you need to just eat it and move on. The reality on this board is all the posters saying it would go to these levels were right and all of us on the long side were wrong.

  • Reply to

    JPM got off easy

    by ndibari73 Oct 13, 2015 8:35 PM
    traderbbc traderbbc Oct 13, 2015 9:05 PM Flag

    Did you read the report buried in there was they returned a large amount of deposits to these hedge funds who were doing nothing and they are continuing to do that. What this does is free up capital to do more buybacks next year as it reduces their capital requirements so the fed can allow them to do more div's or buybacks. Its big dollars go thru all the news today one of the articles pointed this out forget which one but its not my job to give you the link but its there. If I remember its something like 2.3 billion that should be available, other benefits starting to take them out of the to big to fail deal.

    It may be down tomorrow bought after hours to add at 60.55. Will add if it goes lower.

11.04-0.19(-1.69%)Nov 27 1:00 PMEST