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X - United states steel - Page 8

post #141 of 1600
Co was asked about cost reduction goals. It's difficult to get costs down as apparent steel demand is expected to fall to 1950's levels this year.
post #142 of 1600
With horrible financial information, and downgrades by UBS and S&P with $16-17 targets, is anyone buying put options?
post #143 of 1600
Quote:
Originally Posted by mnvestor View Post
With horrible financial information, and downgrades by UBS and S&P with $16-17 targets, is anyone buying put options?
i am thinking about it. just right now i am cautious the rest of the market might pull it up. market is very close to breaking the 8250 and making another leg up. if dow looks to close below 8100 i might go for the puts. i had calls a few days back but dilution didnt help
post #144 of 1600
Quote:
Originally Posted by i_am_so_siri View Post
i am thinking about it. just right now i am cautious the rest of the market might pull it up. market is very close to breaking the 8250 and making another leg up. if dow looks to close below 8100 i might go for the puts. i had calls a few days back but dilution didnt help
That is my only concern, if this were a down DOW day, this would be below 25 based on the chart...if this does close around $25, I believe $22 is imenent
post #145 of 1600
Quote:
Originally Posted by mnvestor View Post
That is my only concern, if this were a down DOW day, this would be below 25 based on the chart...if this does close around $25, I believe $22 is imenent
yeah thats why i am useing the 8100 level. if dow doesnt hold that it could easily go down to test 7700. x would fall bad. personally i think the dow is headed for new rally highs in the next few days. above 8251.40
post #146 of 1600
sure is moving up today. probably wont hold this much gain by close. hope it does though
post #147 of 1600
29 moving nicely. should sell off some before eod i would think
post #148 of 1600
Ya, I'm looking for some sell off action late today/monday
post #149 of 1600
I bought some june 25 puts while it was in the high 28's...I am just thinking this will pull back a bit on monday..Anyone think this was a decent move??
post #150 of 1600
Quote:
Originally Posted by ajk108 View Post
I bought some june 25 puts while it was in the high 28's...I am just thinking this will pull back a bit on monday..Anyone think this was a decent move??
Real good call IMO, this market is so over bought right now ("sell in may and go away"), the stock may move up again next week but june 25 is a good bet for a put and especially at this price... I'm looking to pick it up and short it at 30....
post #151 of 1600
Its moving up nice today
post #152 of 1600
Quote:
Originally Posted by Phisheva View Post
Its moving up nice today
Yes, and my favorite CLF also, can't believe it hit 29 today. Why are these steel and mining stocks moving so much?
post #153 of 1600
Quote:
Originally Posted by Runswithscissors View Post
Yes, and my favorite CLF also, can't believe it hit 29 today. Why are these steel and mining stocks moving so much?
I work in an industry tied to manufacturing and steel use and we've been seeing a spike in orders for 2nd and 3rd Quarter. Outlook for Q3 has really been rising.
post #154 of 1600
Quote:
Originally Posted by Runswithscissors View Post
Yes, and my favorite CLF also, can't believe it hit 29 today. Why are these steel and mining stocks moving so much?
The home building and construction numbers that were released today were better then expected. Also the government said that construction spending rose 0.3% in March, after a 0.9% decrease in February. Economists were looking for a 1% to 1.5% drop in March. Great news for the steel industry.
post #155 of 1600
Quote:
Originally Posted by RC View Post
The home building and construction numbers that were released today were better then expected. Also the government said that construction spending rose 0.3% in March, after a 0.9% decrease in February. Economists were looking for a 1% to 1.5% drop in March. Great news for the steel industry.
Awesome! Too bad I took profits and sold most everything off last week. Had a boat load of CLF and CDE.
post #156 of 1600
HIT 14.72
post #157 of 1600
what the hell is that all about
post #158 of 1600
idk, but if it is real print, someone got luck
post #159 of 1600
looks like it was just a nyse computer misprint.
post #160 of 1600
yea who are you kididng im looking at my watch list and this flashed im like wtf
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