I own 100,000 shares of X at 22 and I'm ready to sell now. I will short this stock. It will not pass $25 that's for sure. I will take a few hundred thousand profit. TIME TO SELL, PULL BACK IS COMING.
EU applying tariffs to 4 countries. US won't be far behind!
Trump can't save U.S. steel. If all it took 2 save steel made in America was a tariff every single president before him back to Carter would have simply done it already. X was up 5% yesterday which is a joke. Fools gold and a large crash is coming.
Huge volume purchased for $27 dollars based on July 28 option. over 12000 contracts.
Look at 3 upgrades to buy in the last 2.5 months. Upgrade Longbow: Neutral to Buy 6/19/2017 Upgrade Standpoint Research: Hold to Buy 6/7/2017 Upgrade Credit Suisse: Neutral to Outperform 5/24/2017
To take my profit or hang on through earnings?
nice little bump head fake to trade into
X will go skyrocket is U.S. put the steel tariff on China.
president "art of the deal" Trump just lost 2 more healthcare votes needed to pass. Bloodbath coming, my puts are happy!! I love this volatility where are his teenage tweets??
Hopefully the tariff promises will actually get done and result in new plants, rather than end as campaign promises as has been done over the past 40 years by politicians and Executives more interested in personal rewards than fulfilling promises and making great firms.
Europe is slapping China with tariffs. U.S. will follow.
Are the news are going to happen today
The Prez just declared "Buy American & Hire American" policy. Our cars, car parts, TV's, computer, phones and refrigerators may go up 100% a year like the Government Hotel in DC, the Mirror Leggo in Florida and legal fees for all the new lawyers. Ford small car production going to China, Mexico and anywhere but NYC is going to be a problem.
At a joint news conference with French President Emmanuel Macron at the Elysee Palace in Paris, France, President Trump called out China for dumping steel in the U.S. market. “They’re dumping steel and destroying our steel industry, they’ve been doing it for decades, and I’m stopping it. It’ll stop,” he told reporters. “There are two ways: quotas and tariffs. Maybe I’ll do both.”
Sold at 23.50. Taking profits from 22. I've seen it give it all back on days like this too many times.
STLD is down miss in earnings unfortunately X will be open 3.5% down tomorrow.
""This may be the most important trade decision that we've seen in decades," says Edward Alden, a senior fellow at the Council on Foreign Relations. "It's extremely significant." Commerce Secretary Wilbur Ross has said that his team would announce the results of an investigation into steel imports by the end of June. The Commerce Department did not immediately respond to a request for comment on Friday. Trade experts and Wall Street investors are convinced it's a foregone conclusion: Tariffs are coming. It's just a matter of how high and against whom."
"A 1962 law allows Ross to skirt an independent panel of U.S. trade judges and make the call himself on steel tariffs. And by invoking national security, the Trump administration has broad powers to determine how big and wide any tariffs will be. The administration argues that the United States is too dependent on foreign steel for military equipment and infrastructure like roads and bridges. If steel-producing nations turned against the United States, the argument goes, it wouldn't be able to build tanks and other essentials to defend itself. The U.S. auto industry is one of the biggest buyers of foreign steel and opposes the tariffs. The Automotive Policy Council, which lobbies for GM (GM) and FFord (F), warned in May that sweeping steel tariffs would mean "American auto sector jobs would be lost." But steel industry leaders have encouraged Trump to go after foreign competition. Barbara Smith, president of Commercial Metals Company, a Texas steel producer, said at the Commerce Department hearing in May that her company has closed 30 U.S. locations since 2008 and fired 4,000 workers because of foreign competition. The company has about 8,400 employees today." From CNN Money
another nice bump to trade into, NUE also missed, EOD dive?
I got some stock in AKS also. I'm new to stocks just started trading last month. I'm a recovering gambling addict . I just want to make a profit of 500 a week.