Lyehopper's Roundup....

[IIC]

Who said anything about a world steel glut? There is no such thing.

Wake Up Peanuts...I hardly have the time to teach you about World Economics.

My suggestion to you or anyone else is to read up on "Chain Gang Economics"

[IIC]

Wake Up Peanuts...I hardly have the time to teach you about World Economics.

My suggestion to you or anyone else is to read up on "Chain Gang Economics"

Here is an article you should read...but it is only a starting point:

http://www.atimes.com/atimes/Global_Economy/HK02Dj01.html

[Tatnic]

cool, thanks Spike. Another great call, dude!

Lyehopper, I see what might be the final bullish run on steel for the year coming up in the next few trading days. I've got a ton of info from today which verifies some predictions of bad times upcoming for the steel industry...

Can you share some of that info with us Peanut? Thanks.

[Tatnic]

There is too much available right now...China will export

I wish I had saved that link, but if I recall correctly China is and has been for a while now, the biggest exporter in the world already. But I'll see if I can find that industry site and post a link because it contains a boatload of statistics and I can't begin to remember them all.

[IIC]

I wish I had saved that link, but if I recall correctly China is and has been for a while now, the biggest exporter in the world already. But I'll see if I can find that industry site and post a link because it contains a boatload of statistics and I can't begin to remember them all.

Actually...you are right

[Tatnic]

I thought I posted about the world steel glut about 6 weeks ago...But nobody listens to me...China doesn't need all that steel anymore...IIC

A steel analyst at UBS (Timna Tauners) predicts the glut will last well into next year as inventories pile up and demand (in the us) keeps dropping. This was on Market Place a month or so ago. Notice the word will...that means that he/she thinks the glut is already here. Of course that's just one analyst's opinion but I believe they base their opinions on what data they see in front of them. So far, alot of the steel co's charts have not reflected such a glut....there's something going on that isn't fully accounted for? Maybe its takeover speculation?

[spikefader]

Headsup; X price just broke Fuzzy C support at 65.10. Good short I reckon.

[Lyehopper]

Headsup; X price just broke Fuzzy C support at 65.10. Good short I reckon.

yesir.... I took my latest short position @ $68.... My target is that gap @ $56.30.... then on to the gap @ $42.68....

Hey Spike.... I'm holding SHOO short too. What do ya see there?

[spikefader]

yesir.... I took my latest short position @ $68.... My target is that gap @ $56.30.... then on to the gap @ $42.68....

Hey Spike.... I'm holding SHOO short too. What do ya see there?

Wow.....X's reaction to the C failure has been an impulse 1 up.......now that's impressive bullishness....


SHOO I reckon has just made a fuzzy 5th completion..........should be good for some nice corrective action. When I look at the daily, it's got that nice broadening pattern that targets 26.00. Excellent short.

[Lyehopper]

Headsup; X price just broke Fuzzy C support at 65.10. Good short I reckon.

AHHHHHHH!!!! X up 7.5%!!!! You Jinx'd me DUDE!

[spikefader]

AHHHHHHH!!!! X up 7.5%!!!! You Jinx'd me DUDE!

lol
Burn this into your brain, Lye:

"Price has a very high potential to move with increased volatility and power away from a Fuzzy C"........and there's no guarantee concerning direction!! hehe This is why stops on the other side of the C are wise.

[Lyehopper]

lol
Burn this into your brain, Lye:

"Price has a very high potential to move with increased volatility and power away from a Fuzzy C"........and there's no guarantee concerning direction!! hehe This is why stops on the other side of the C are wise.

It's cool, I scalped STLD for a quick 4% this morning.... so I'll be O-TAY!

[billyjoe]

Lye,
The taxes on your brick house with 5 acres would be about $4600/yr in my town. Living in the city limits , even with a population of 1000 is a rip off compared with the township 1/2 mile away.

-----------billyjoe

[billyjoe]

Lye,
Someone from Arizona is selling a topographic map on ebay of Roane County West Va. and on it is Lyehopper Hollow. Are there more than one Lyehopper Hollow?

--------billyjoe

[Lyehopper]

Lye,
Someone from Arizona is selling a topographic map on ebay of Roane County West Va. and on it is Lyehopper Hollow. Are there more than one Lyehopper Hollow?

--------billyjoe

Yes there is.... Those West Virginian Turncoats stole the name when we ran them out of here in "64".LOL!