Stenzrob's specials

[peanuts]

Peanut's Steel Index

Isn't there already a steel industry index? Anyway, yeah peanuts, if you've got a list, that would be great - I can make it a portfolio at marketwatch or elsewhere and get a quick look at news or commentary on all of them at a glance.

I am involved in the steel industry... I know it better than any analyst or fund manager... that I CAN be 100% sure of. I knew of the current up trend about 1.5 years ago. Here are the stocks which I list as my steel industry index through Yahoo! Some are not steel producers or fabricators, but their business depends, in large part, to the health of the steel industry:

AKS
ATI
BYUA.pk
CECE
CGA
CHAP
CLF
CMC
CRS
FRD
GGB
GNA
HSVLY
IIIN
IPS
MEA
MT
NGCN.pk
NSS
NUE
NWPX
NX
OS
PCP
PKX
RIO
ROCK
RS
SCHN
SGG
SHLO
SID
SIM
STLD
STTX
TKR
TONS
TS
TXI
USAP
WOR
WPSC
X
ZEUS

[stenzrob]

I am involved in the steel industry... I know it better than any analyst or fund manager... that I CAN be 100% sure of. I knew of the current up trend about 1.5 years ago. Here are the stocks which I list as my steel industry index through Yahoo! Some are not steel producers or fabricators, but their business depends, in large part, to the health of the steel industry:

Thanks. What about BOOM? Know much about them?

[peanuts]

Thanks. What about BOOM? Know much about them?

I don't think that their success or failure depends on the health of the steel industry. I think they are tied to the oil industry and reconstruction more than anything else. Looks like a good play on hurricane damage... but I'm not well versed in their operations to know much more.

[billyjoe]

Peanuts,
Which on your list impress you ?

billyjoe

[peanuts]

Peanuts,
Which on your list impress you ?

billyjoe

I am fond of NSS for personal reasons- my long term holding this year. I also like POSCO (PKX) and US Steel (X)

The smaller caps can be played for short term gains.

I only buy the profitable companies, but WPSC could be huge... litigation will go their way against Massey Fergusson, but they won't see a cent for years. And, they have a great galvanizing line that will see huge demand from the highway bill passed last year.

I like SIM for easy 6-10% moves. I try not to get greedy, but I got burned once when I bought at 7.75... damn! Their operations are impressive.

NUE is overpriced at $125, in my opinion... but that doesn't mean it could not go higher.

The specialty steel makers are where it's at: CRS, PCP, USAP, ATI... they're hot

Raw material suppliers will be great for the long term... RIO, CLF

And I like CECE for the environmental legislation that the industry will have to face sooner or later.

If you have any company-specific questions, please private message me.

[stenzrob]

I like SIM for easy 6-10% moves. I try not to get greedy, but I got burned once when I bought at 7.75... damn! Their operations are impressive.

Out of SIM again at 7.25.
Bought at 6.51 yesterday.
11%, one day. Like peanuts said - don't get greedy.

[DSteckler]

Nice trading! You got in yesterday one cent above the low and out today three cents below the high. Impressive!

[stenzrob]

Nice trading! You got in yesterday one cent above the low and out today three cents below the high. Impressive!

Again I looked at STLD to compare. At the time I sold, SIM was up 3 times as much % as STLD. If this busts through and runs back to $8 or more, the trading won't be so impressive. My largest positions are still FTEK and PARL, followed closely by VTIV and CRYP.

[peanuts]

Out of SIM again at 7.25.
Bought at 6.51 yesterday.
11%, one day. Like peanuts said - don't get greedy.

stenzrob,

buy TIII today at 2.6, sell next week at 2.9

Easy money

don't buy too much... volume is low and someone will notice what you are trying to do

btw: nice trading

[stenzrob]

Back into SIM yet again today at $6.80. Again, bought when this was down while other steels were up. With the finish in the last half hour, position is up 4% so far.

I think that the ADR ratio changed today - the underlying Mexican stock split 3:1, but SIM the ADR did not.

[stenzrob]

stenzrob,

buy TIII today at 2.6, sell next week at 2.9

Easy money

don't buy too much... volume is low and someone will notice what you are trying to do

btw: nice trading

This is an interesting little company, peanuts. Haven't bought any yet, but if I do, I'm not sure I would sell at 2.9. Might just wait for a bigger spike. I'll keep an eye on it for a while.

[peanuts]

This is an interesting little company, peanuts. Haven't bought any yet, but if I do, I'm not sure I would sell at 2.9. Might just wait for a bigger spike. I'll keep an eye on it for a while.

I am disappointed with this week's TIII performance, but long term, I am 100% on your side here. TIII feels like a multi-bagger over the long term (1+ years). I am holding a relatively small amount in my LT portfolio. I may add to my short term portfolio when it starts to go back up. I'll hold onto what I have for now.

I looked at SIM all day but for some reason I just could not hit the buy button. I even wrote an order, but didn't click the buy. I think you made a good call... ballsy, but if SIM still behaves the way it has been, you'll make some easy money. :^) good luck

[stenzrob]

... ballsy, but if SIM still behaves the way it has been, you'll make some easy money. :^) good luck

Easy money. You have used that phrase several times now. I do not understand that phrase. Don't believe such a thing exists. Maybe it's a no-brainer, I'm qualified to trade those!

[peanuts]

"easy money"

Easy money. You have used that phrase several times now. I do not understand that phrase. Don't believe such a thing exists. Maybe it's a no-brainer, I'm qualified to trade those!

I hold three separate portfolios: short, mid, and long term. My short term stocks are good for anywhere from 6 to 14% quick moves... maybe in the same day, but they usually make these moves within a week. I call that easy money, because it doesn't take too much DD or TA to figure out which stocks are good for these types of moves, it doesn't take long to make the targeted gains, and I can do all of it with trade triggers. I use other people's ideas a lot because I don't have a screener for this portfolio, therefore, I don't trade all that often in it (maybe 2 trades a week). For these ST picks, I do set stop losses. I don't keep track of my record, but I do have more wins than losses... and the losses were kept to a minimum. Sometimes, I will short term trade my long term or mid term picks.

Basically, I call it "easy money" because a lot of the time I'll check my trades and say to myself, "man, that was easy"... and then I wonder why I still have a regular job.

no brainers, to me are trades that take absolutely no thought... I've yet to not think about my trades, but I think "easy money" and "no-brainers" are pretty much the same thing :^)

[skiracer]

[QUOTE=peanuts]I hold three separate portfolios: short, mid, and long term. My short term stocks are good for anywhere from 6 to 14% quick moves... maybe in the same day, but they usually make these moves within a week. I call that easy money, because it doesn't take too much DD or TA to figure out which stocks are good for these types of moves, it doesn't take long to make the targeted gains, and I can do all of it with trade triggers. I use other people's ideas a lot because I don't have a screener for this portfolio, therefore, I don't trade all that often in it (maybe 2 trades a week). For these ST picks, I do set stop losses. I don't keep track of my record, but I do have more wins than losses... and the losses were kept to a minimum. Sometimes, I will short term trade my long term or mid term picks.

Basically, I call it "easy money" because a lot of the time I'll check my trades and say to myself, "man, that was easy"... and then I wonder why I still have a regular job.

Peanuts,
I'm not out to discredit you but please post those trades when you are ready to take them or at the point of buying them because I'm from Missouri an I really have to see it beforehand. I've been at this for probably longer than you are old and my account balance is decent. I have never called any trade easy money or found any trade to be easy money where it was like I knew it was money in the bank. The best that I have ever done for myself is to limit the losses and find the best r/r for myself. I also know every trade trigger, entry, and stop an exit as if I had it tattoed on my forehead so when someone states what you have stated to me about not remembering or forgetting the particulars I have to question that. I'm operating with a decent amount an I know where every penny is at every moment an all the particulars that go with the trades. Don't disillusion yourself about that job thing. Start trading for a living and depend on those earnings to provide a living for you an your family and without any backup an you'll see the difference and won't be wondering about why you don't have a job because you'll be looking for a good paying one.