Lyehopper's Roundup....

[Rob]

SCHN(itzer) Steel is doing well today, and up 6% from the closing price on the 12th. Hmm.

[peanuts]

Steel fund

Hey Lye,

Here's some info on a steel fund that you might be interested in:

LINK

[dmk112]

Steel up on higher volume this morning. Shorts (including me) are getting slaughtered. Looks like the advise to sit back for a while longer and watch is warranted.

Good luck dude, but all i'm saying is if this thing come back for a p/b i'm a BUYER.

[spikefader]

Steel up on higher volume this morning. Shorts (including me) are getting slaughtered. Looks like the advise to sit back for a while longer and watch is warranted.

click to enlarge


Intraday suggestive of more up...

Hey Lye, just did the count for X and here's what I come up with. Maybe wait for the TA to align with the FA you're seeing...maybe like if/when the green and yellow fuzzy C support fails....target 5 impulses down??

I'd feel better about short side potential if the upcoming 5th truncates and there isn't a daily close above the band. I'd like to see piercing price action up through it and then stall...c failure...then short would be the play.

But if it stays strong and closes over the band, the c gets bought, then bias has to be up IMO.

Hope that helps. Will be watching with interest and hope you nail a great entry for a good ride.

[Lyehopper]

....speculation in Steel today is crazy due to the consolidation. Crappy companies are getting great valuations because they might get bought out by another steel company, dumb enough to pay a 25% premium. Just don't short it, yet, dude. Wait until you start to see the deals being made, then short the big guys like X SID NUE GGB (not GNA) and IPS... keep the high value companies like STLD CHAP PKX and GNA

Don't fight the trend....

Steel up on higher volume this morning. Shorts (including me) are getting slaughtered. Looks like the advise to sit back for a while longer and watch is warranted.

[billyjoe]

true.... but you must admit it was very soothing.

Lye,
It will take humans on the edge to match the vulcan mentality.

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

[Lyehopper]

that's pretty heavy stuff. but music does not make the VTP... The VTP is a superior form of trading and nothing else.

true.... but you must admit it was very soothing.

[Websman]

http://www.youtube.com/watch?v=RI-XRjcoo6U

Webs,
The HTP has been in existance little over an hour and already has a theme song. We don't dilly dally around like vulcans.

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

that's pretty heavy stuff. but music does not make the VTP... The VTP is a superior form of trading and nothing else.

[billyjoe]

http://www.youtube.com/watch?v=RI-XRjcoo6U

Webs,
The HTP has been in existance little over an hour and already has a theme song. We don't dilly dally around like vulcans.

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

[billyjoe]

I seem to remember that it is something like 0.2

Doug,
Then we should have no problem since we outnumber the vulcans about 500-1 at this forum.

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

[peanuts]

I seem to remember that it is something like 0.2

This is excellent evidence of the Human brain power

[IIC]

Webs,
How many humans does it take to match one vulcan's brain power ? We've got you outnumbered and might start the HTP site if the VTP's take any longer. I foresee a trading contest in the future.


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

I seem to remember that it is something like 0.2

[billyjoe]

Webs,
How many humans does it take to match one vulcan's brain power ? We've got you outnumbered and might start the HTP site if the VTP's take any longer. I foresee a trading contest in the future.


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

[IIC]

UUU will drop to the support at $27.04 then bounce up to $30.

I had a meeting with an Amish elder who showed me some ways to improve the inner workings of the VTP...

Yeah...The world is full of Amish Stock Market Gurus

[Websman]

Webs, what happened the last time Humans began making demands on Vulcans? Soon they will begin to demand to know the inner workings of the VTP and the effects of the Vulcan cause.

I hope the respite with the Amish was refreshing. Nice trees in the area, I'm sure.

UUU has seen it's third day of consolidation and may bounce, offering a scalp play for Monday. $30 is still attainable, I think.

UUU will drop to the support at $27.04 then bounce up to $30.

I had a meeting with an Amish elder who showed me some ways to improve the inner workings of the VTP...