CHAP ==> The December Winner

[jiesen]

speaking of moving some steel..take a look at this:

that's 405 lbs bitches!

and your spotter doesn't seem all that concerned about you dropping it, either... very impressive!

[billyjoe]

Mr. Market,
Are you saying you've beaten the old Mr.Market record of 385 lbs? At age 50 you'll be qualified for the senior olympics. Hope to see you there.

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

[mrmarket]

This bad boy is really starting to move...half way to my target...

[peanuts]

This bad boy is really starting to move...half way to my target...

It should reach your target, and maybe more. Steel stocks are having a great run over the past week and a half.

[Adam]

Another excelent pick from the huge one.

NBB, sorry I been away so long I been correcting some real estate issues as well as a lot of hunting. I picked up CHAP April 07 $55 calls a bit late at $1

Up 100%+ and looking to dump off some real soon take back the original investment. Should this hit $MM$ target soon it has potential produce 500% profit. Thank you $MM$. Just wish I didn't go so light on it...all well let's see this one run!

[mrmarket]

don't thank me..just go here:

https://www.golittletigers.com

[New-born baby]

Another excelent pick from the huge one.

NBB, sorry I been away so long I been correcting some real estate issues as well as a lot of hunting. I picked up CHAP April 07 $55 calls a bit late at $1

Up 100%+ and looking to dump off some real soon take back the original investment. Should this hit $MM$ target soon it has potential produce 500% profit. Thank you $MM$. Just wish I didn't go so light on it...all well let's see this one run!

ADAM:
Man-alive! I think about you from time to time, and wonder, whatever happened to the man! Great to see that you are alive and kicking, and making the big bucks off of MM's CHAP.

[Adam]

NBB, good to hear from you. like I said I went light but can't complain about profit.


Ernie, I will be adding to the little tiger fund soon as I sell. Thanx to you!

[mrmarket]

getting pretty darn close here...is today the day?

[jiesen]

Guess not... but with earnings like this it won't be long:

http://biz.yahoo.com/ap/070320/earns...teel.html?.v=1

AP
Chaparral Steel 3Q Profit Up 27 Percent
Tuesday March 20, 5:18 pm ET

Chaparral Steel Posts Stronger 3rd-Quarter Profit on Higher Steel Prices
MIDLOTHIAN, Texas (AP) -- Chaparral Steel Co., which makes structural steel beams and bar, on Tuesday said fiscal third-quarter profit climbed 27 percent as steel prices increased. Net income grew to $62.5 million, or $1.29 per share, from $49.2 million, or $1.03 per share, in the prior-year period. Analysts polled by Thomson Financial expected the company to earn $1.23 per share.

Sales increased to $420.2 million from $374.6 million a year earlier, as volume remained roughly flat but prices rose.

"We continue to see strong domestic and international demand for structural products and improving global prices going into the busier construction season," said President and Chief Executive Tommy A. Valenta, in a statement.

Chaparral shipped 567,000 tons of steel in the third quarter, even with a year ago. The company's average selling price climbed 13 percent year over year to $679 per ton.

The company also forecast fiscal fourth-quarter profit above Wall Street expectations.

Shares of Chaparral dropped $1.77, or 3.3 percent, to close at $52.24 on the Nasdaq Stock Market. In aftermarket electronic trading, shares gained 96 cents, or 2 percent, to $53.20.

[spikefader]

Lookin gooooooooooooood

[Karel]

I sold my position in CHAP at $54.44.

$$$Mr.Market$$$ you are H U G E

Regards,

Karel

(PS: I will still hold it in my Marketocracy fund. See if I can do better )

[spikefader]

Lookin gooooooooooooood

Got t' 60.00 an' still wasn't done. In a subwave 5th within a bigger 5th. Definately time t' be thinkin' o' takin' profits! Great pick, Ernie!

[stripesound]

its still not done

another 15%+ coming, might not be as quick as the last one though.

I see mid 70's coming. This is a solid hold for at least a few more months if your still holding.

Elliot wave be damned...

[peanuts]

another 15%+ coming, might not be as quick as the last one though.

I see mid 70's coming. This is a solid hold for at least a few more months if your still holding.

Elliot wave be damned...

What's the deal with the gas wells? Who's drilling? What county? What's the royalty interest? I think you said they had 700 acres in Barnett, is that right? Did they release any figures on # of wells per acre to be expected?

Spike is pretty accurate with the EW count; I wouldn't discount his views entirely. The fundies are improving, however.