Peanut's Potent Plethora of Profit

[skiracer]

but ski, I posted about this 2 days ago.

I was replying to your post at 10:10 am today, "don't say I never told you so". NGA is up .14 at the moment but if you had entered at the open you would be down right now an AZZ turned out to be a trap wouldn't you say. It went from gapping up over 2 points at the open to now down .67. I don't think anyone would have caught it at the open before the gap up and those that did chase it are now sorry they did. Wouldn't you agree.

[peanuts]

The truth of the matter is that NGA gapped up .15 at the open and went to 5.90 but dropped after 10 am an if anyone had bought it between 9:35 and 10 am would be down right now as it is now only up .13 at 5.60 as of this post.

AZZ on the other hand gapped up bigtime, 2.12 points right at the open, an anyone chasing that one would be down right now if they could have caught it at the open as it is now trading at 52.55 and falling and looking like it wants to fill that gap up at the open.

Neither one looks to be a bargain or that righteous of a trade right now.

but ski, I posted about this 2 days ago.

[skiracer]

Don't say I never told you...

The truth of the matter is that NGA gapped up .15 at the open and went to 5.90 but dropped after 10 am an if anyone had bought it between 9:35 and 10 am would be down right now as it is now only up .13 at 5.60 as of this post.

AZZ on the other hand gapped up bigtime, 2.12 points right at the open, an anyone chasing that one would be down right now if they could have caught it at the open as it is now trading at 52.55 and falling and looking like it wants to fill that gap up at the open.

Neither one looks to be a bargain or that righteous of a trade right now.

[peanuts]

At the end of the week, AZZ will report earnings. I strongly suggest keeping your eye on AZZ after they report. Earnings should be very good. The movement in AZZ might be magnified and positively correlated with NGA. NGA reacted strongly to AZZ reporting record earnings last quarter. The real play might be with NGA, not AZZ. I'll be watching both.

That was the same exact quote as last time. It all holds true, today, as well. I STRONGLY suggest watching NGA on Friday for a possible day trade.

FRIDAY....NGA....watch AZZ earnings... wait for the play in NGA

btw:

I made a bunch of money off of NGA in 2006... most of it came from the trade I made on AZZ earnings last time...

Don't say I never told you...

[peanuts]

more Steel Industry

I think each service will provide a different approach to the sector action and how they got things laid out so I doubt if another service would match what Tc2000 has. I show the major being metals and mining. Then under the metals in mining we have a few sub sectors. I mainly follow the sub sectors TC has 239 subs and 30 majors.

Thanks. I agree that it depends on the service. I'm going to have my very own exclusive Steel Industry service, too. It's a grassroots effort. Basically, I'm just going to track the daily movements of the PSI and give equal weight to all stocks in the index. Let me know if you ever want an update.

From the list you gave me, I decided against DSUP and TPO as additions to the index. OLAB was the shell that was purchased so that CPSL could go public 2 days ago, so I have eliminated that, as well.

I have made another addition to the PSI: MTX is a major supplier to the steel industry. They are in just about every steel mill, and they have a nearly inpenetrable leading position in the gunning mix and machine market.

As the steel industry consolidates, so must its suppliers... it is already happening

[peanuts]

Steel Industry

Here you go Peanuts.. these stocks make up the group I watch...

Awesome! Thank you.

I'm going to add the ones on your list that I don't already have.

2 days ago, a new steel company began trading on the Nasdaq. The company is China Precision Steel, ticker: CPSL It more than doubled on the first day of trading. I didn't find it until yesterday, however. I have to do some more research on it, but from some of the PR's, it seems that this company has high growth prospects worldwide. It will be one to watch in 2007, I think.

I think each service will provide a different approach to the sector action and how they got things laid out so I doubt if another service would match what Tc2000 has. I show the major being metals and mining. Then under the metals in mining we have a few sub sectors. I mainly follow the sub sectors TC has 239 subs and 30 majors.

I remember thinking that the early 2006 run-up in most steel company stock prices seemed unreasonable at that time. The action in May which brought it down so hard also seemed unreasonable at the time. But, when I look back at the performnce of your chart for 2006, I can see how the price related to certain events within the industry and the stock market. Is there a ticker symbol that I can use to follow the same 2006 chart that you posted, but for 2007? Do you know the components of the sector, MG131? I wonder if I can follow it on StockCharts.com?

Thanks!

Here you go Peanuts.. these stocks make up the group I watch...
AKS
CGA
CHAP
CLF
CMC
CRS
DSUP
FRD
GGB
GNA
GNI
HSC
HSVLY
IIIN
IPS
MEA
MG131
MM
MT
MTL
NSS
NUE
NWPX
OLAB
OS
PCP
PKX
PLTE
RIO
ROCK
RTP
SCHN
SID
SIM
STLD
STTX
SYNL
TONS
TPO
TS
TX
USAP
WOR
WPSC
ZEUS

[peanuts]

At the end of the week, AZZ will report earnings. I strongly suggest keeping your eye on AZZ after they report. Earnings should be very good. The movement in AZZ might be magnified and positively correlated with NGA. NGA reacted strongly to AZZ reporting record earnings last quarter. The real play might be with NGA, not AZZ. I'll be watching both.

At the end of the week, AZZ will report earnings. I strongly suggest keeping your eye on AZZ after they report. Earnings should be very good. The movement in AZZ might be magnified and positively correlated with NGA. NGA reacted strongly to AZZ reporting record earnings last quarter. The real play might be with NGA, not AZZ. I'll be watching both.

That was the same exact quote as last time. It all holds true, today, as well. I STRONGLY suggest watching NGA on Friday for a possible day trade.

FRIDAY....NGA....watch AZZ earnings... wait for the play in NGA

btw:

I made a bunch of money off of NGA in 2006... most of it came from the trade I made on AZZ earnings last time...

[peanuts]

I'm awake. Interesting company.

mornin sweety, want some coffee?

The stock keeps coming up on a bunch of my screens...

[riverbabe]

Mindray Medical has started 2007 with a nice bang. CHART

the ticker is MR

I'm awake. Interesting company.

[peanuts]

Mindray Medical (MR)

Mindray Medical has started 2007 with a nice bang. CHART

the ticker is MR

[peanuts]

Steel looks to me as if it has lost a little forward momentum. Sideways action as of late. Group chart does not look bearish to me but I'll wait to see if they can bust into new high ground before getting excited.

I remember thinking that the early 2006 run-up in most steel company stock prices seemed unreasonable at that time. The action in May which brought it down so hard also seemed unreasonable at the time. But, when I look back at the performnce of your chart for 2006, I can see how the price related to certain events within the industry and the stock market. Is there a ticker symbol that I can use to follow the same 2006 chart that you posted, but for 2007? Do you know the components of the sector, MG131? I wonder if I can follow it on StockCharts.com?

Thanks!

If you've been sleeping, then you'll have no idea what I'm talking about in this post. If you like making money, I suggest that you wake up.

The PSI is a group of stocks which are highly related to the health and direction of the Steel Industry. It is heavily weighted to steel producers in the US, but the index also contains raw material suppliers, downstream product customers, and regulatory suppliers- not to mention off shore interests in steel production. The group of stocks is the Peanuts Steel Index.

The steel industry was very "hot" in 2006. The devaluation of the USD is making it financially viable to produce basic commodities in the US now and into the next decade. Worldwide demand for commodities is increasing with the BRIC nations driving growth across all market sectors. Because this growth is relatively new (since the asian market collapse in the late 90's), the concentration in basic materials that has occurred has tremendously helped to raise earnings in companies which deal in the production, handling, and distribution of these products. The Steel Industry did not miss out on this opportunity. Stocks in this sector have been some of the best market performers of the year. Much of the gains in pps has also come from the consolidation within the steel industry. Businesses are seeing advantages in synergy of operations by combining companies. Arcelor-Mittal is leading the way, and the rest of the market is trying to catch up. This has caused some companies to be considered targets or acquirers, and the financial markets have treated them in such a way.

I have tracked the performance of the PSI over the year of 2006. These are the results:

I do not want to get into speculating on the year 2007 and beyond. Others have and will continue to do so. I have not read very many bearish reports on the health of the steel industry over the next 5 years, however.

Steel looks to me as if it has lost a little forward momentum. Sideways action as of late. Group chart does not look bearish to me but I'll wait to see if they can bust into new high ground before getting excited.

[skiracer]

Peanuts,
I say WLSC. Are you giving good prizes like Doug? I need some new briefs. A package of 3 would be nice.

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

Give them up Billyjoe. Become a free man.