Lyehopper's Roundup....
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If steel companies are so hot, then why is Schnitzer (SCHN) so cheap? Less than 8 P/E? Shoot, it's starting to look really good to me.
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Lye,Originally posted by Lyehopper View PostSheesh up 4% today! I'm still holding my short because I darned well know that freakin' AKS just ain't worth freakin' $14+....just AIN'T!!!!
You sure know alot about business and stocks and such, but why don't you consult me before you make trades in Steel? I'm not trying to sound like I'm top dog, or anything, but sheesh dude, I've been harping on Steel for a while now- and have been 100% right every time, if I might add
I agree the AKS is not worth $14 today. The problem is that the 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
Settle down with your excitement and I think you'll be more profitable with your trades. Let the idiots run the price up, and then pull the rug out from under them when it begins to level off over a week's timeframe.
MT looks like a great long at this point in time ($37.50) for a company that will be trading for $100 per share by 2008. Just look at the growth of the company and the industry growth, and you will also see that $100 is actually on the low end of the range...
Don't fight the trend, dude
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Lye,Originally posted by Lyehopper View PostSheesh up 4% today! I'm still holding my short because I darned well know that freakin' AKS just ain't worth freakin' $14+....just AIN'T!!!!
I know that you mentioned that you were stalking ECOL the other day. I'm in from 20.30. Did you buy any? It's making a decent move today.
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oh, and the PSI is up 23.57% on the year, also.Originally posted by Rob View PostAnd here I always thought that PSI stood for pounds per square inch. Go figure.
Chuck Norris must be good to go as far as he has in life with that mug.
Chuck Norris has the only hand that can beat a Royal Flush
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What can I say, Lye... There was no thought neededOriginally posted by Lyehopper View PostI think Basic Steel will correct from here about 15% minimum (maybe even 30%).... I'm now short X, AKS and STLD.... I'm sure Peanuts thinks I'm crazy.LOL!
btw: The Peanut's Steel Index is down .27% today after 2 back-to-back days of 1.3+ % gains
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I'm Bearish on Basic Steel.....
I think Basic Steel will correct from here about 15% minimum (maybe even 30%).... I'm now short X, AKS and STLD.... I'm sure Peanuts thinks I'm crazy.LOL!
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Sounds fishy to me...Let's call CSIOriginally posted by billyjoe View PostSki,
I know they're lots bigger than the one's in western Pa. My daughter hit a 210 pounder with her car , $4500 damage last year. They salvaged 75 pounds of meat from it. So many it's getting dangerous to drive at night. Right down the road from me one went through the windshield of a pickup and killed the driver's wife.
--------------billyjoeLast edited by IIC; 10-09-2006, 11:16 PM.
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Ahhhhh!..... the Brazilian Rain Forest!..... They grow a lot of nice "crops" down there I hear....LOL!Originally posted by billyjoe View PostLye,
Watch out for Mona Vie. My son says it's hotter than goji. Selling at $40 per bottle and I think you have to have a distributorship to get it. Cures everything from arthritis to cancer. It has to be true . Was featured on Oprah Winfrey. The acai berry grown only in the Brazilian rainforest , has been formulated into an exquisite beverage by those with the passion and drive to help humanity.
----------------billyjoe
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Lye,
Watch out for Mona Vie. My son says it's hotter than goji. Selling at $40 per bottle and I think you have to have a distributorship to get it. Cures everything from arthritis to cancer. It has to be true . Was featured on Oprah Winfrey. The acai berry grown only in the Brazilian rainforest , has been formulated into an exquisite beverage by those with the passion and drive to help humanity.
----------------billyjoe
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