Why is it that when this was at 28 the experts said buy with a 37 price target and now at under 10 they are saying sell but still have a 15 to 19 price target? Something seems really wrong here. Lol
IMO 11 is history unless it sees it for a quick moment tomorrow AH. Stocks tend to move up and down quick during earnings and CC
Thats like when Gewstein Ballsaks said to buy gold at 1800 because it was going to 2500+ LOL They just want to knock it down as far as possible to screw retail holders before running it back up. Don`t sell and they will canibilize each other.
How this turd is above $10 is beyond me. The bottom falls out every time at 20-21 and one of these times it won`t stop falling at 16....it will go back right where it belongs at 5-7
Fianally somebody with sense. How could that tool be so stupid to think employees can`t buy stock in the company they work for? Since I posted that I have come to find out that many of the workers have turned their portfolios over into 100% X
Correct. It should have never gotton below 15 much less this level. Pure and simple: Shorts with deep pockets fleecing retail sheep. Once they have had there fun and there are no more stops to take out and shares to steal they will walk it back up. At some point the big funds will be the only players in the game and they will turn on themselves when greed takes over.
Once this turns and burns it will head back towards 20. Probably the same way it went down. $1 to $1.50 a day. The upside far outweighs the downside at this level IMO
On a side note I think that employees jumping in head first is a good sign. I`m going to add to my position tomorrow and every time it dips and hold until the cows come home.
Two of my neighbors are US Steel employees. Last night during our weekly driveway beer session they both informed me that they transferred money in their fidelity accounts from general funds into 100% stock in US Steel. I find this very interesting. Not only did they, but many of their fellow workers. The reasoning was they expect to get more of a return over the next few years than their ho hum returns from Vangaurd etc. The very institutions that hold their money is using those very funds to cheap and steal from the investors and retail holders. Here`s an idea: if everyone withdrew their money from fund operators and invested it themselves it would take away the leverage big funds hold.
Tomorrow may be that day. Thanks to AKS we should get a pop in steel stocks. Long over due.