Hot Pick Of The Day

[New-born baby]

Buy Dxd

Peanuts, wise move dude. Potential for correction is very high now. I think we have a short-term top and correctives are about to be delivered rather quickly. I'm looking for 400-800 point Dow correction. I also suspect AAPL will disappoint tonight, and that'll be some bear fuel. After hours action will be worth watching. Good shorts are YHOO EBAY and IMCL. Caution longs!!

Right here is where you buy DXD. DXD runs inversely to the Dow 2:1!!!!!!

[Lyehopper]

Sorry if I opened a can of worms here. Tell yah what. You boys make up and I'll give you each a nice '75 Dodge Monaco. Pick them up behind my barn . They may be in several pieces.

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

My research shows that pre-1982 cans used in your basic "can of worms" were all galvanized due to high iron content and poor metal mixing at the can rolling mills.... I am an expert on cans of worms.

Really? The DeLorean and the Saturn are the only cars I know of which were made of non-rusting body parts...

Industrial coatings have been drastically improved through material science advancements since the 70's
Steel processing technology has improved the quality of steel made each decade

the delorean was made of stainless...the saturn is plastic near as I can tell.

[billyjoe]

So you're saying that the reason a Chevy truck manufactured in 1975 rusted out quicker than one made in 2005 is because the mild steel was inferior (and had too much iron) in the year 1975 as compared with today? .... Well yes, that is what you said. You pull this stuff right out of your ass don't you Peanuts?....LOL!

Sorry if I opened a can of worms here. Tell yah what. You boys make up and I'll give you each a nice '75 Dodge Monaco. Pick them up behind my barn . They may be in several pieces.

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

[peanuts]

So you're saying that the reason a Chevy truck manufactured in 1975 rusted out quicker than one made in 2005 is because the mild steel was inferior (and had too much iron) in the year 1975 as compared with today? .... Well yes, that is what you said. You pull this stuff right out of your ass don't you Peanuts?....LOL!

careful Lye, there is a bit of seriousness to me

[Lyehopper]

Really? The DeLorean and the Saturn are the only cars I know of which were made of non-rusting body parts...

Industrial coatings have been drastically improved through material science advancements since the 70's
Steel processing technology has improved the quality of steel made each decade

So you're saying that the reason a Chevy truck manufactured in 1975 rusted out quicker than one made in 2005 is because the mild steel was inferior (and had too much iron) in the year 1975 as compared with today? .... Well yes, that is what you said. You pull this stuff right out of your ass don't you Peanuts?....LOL!

[peanuts]

...All modern cars are made from galvanized sheet metal...

Really? The DeLorean and the Saturn are the only cars I know of which were made of non-rusting body parts...

Industrial coatings have been drastically improved through material science advancements since the 70's
Steel processing technology has improved the quality of steel made each decade

[peanuts]

Peanuts, Excuse me for being such an uneducated redneck but how does one become "educated" in "big picture" steel commodity evaluation? Is there a particular steel correspondence course I can order to further my education? I wonder how many toasters you can make with the steel consumed in one small commercial steel building that is not built due to interest rates or other economic conditions? Maybe that kind of thing is discussed in the course?

Lye, come on, dude. You rednecks drive me crazy sometimes. Do you need to see my credentials?

I wonder how many people are in China compared to the US... hmm, we just hit 300 Million today, China has 4 times that. And, I would venture to guess that less than half of those 1.2 Billion people have toasters. Your vision is sharp, but your scope is off.

You'll regret that you didn't build that small commercial steel building now instead of waiting until interest rates are even higher... along with the price of steel. Consolidation will keep pricing advantage with the producers.

Mild sheet steel is just mild sheet steel Billy. Maybe the older car bodies of the 50's and 60's were made from a thicker gage and it's obvious that the construction was quite different but I'll bet the alloy of the steel was pretty much the same. Now it might be the cars made in the 70's just had "bad coatings" on them. Mid 70's Chevy pickups were notorius for rusting out very early.

steel of old was not galvanized. All modern cars are made from galvanized sheet metal. This is also the bone of contention with car makers since its the galv. steel that has the highest tariffs and they're fighting tooth and nail to get those tariffs removed.

[spikefader]

WOW!

I'm down 3% overall, just this morning. The run-up recently has been nice, so it doesn't seem like it's too bad, but I am going to be dropping a lot of my stocks throughout the day, and keep cash ready for the next big move in either direction.

Peanuts, wise move dude. Potential for correction is very high now. I think we have a short-term top and correctives are about to be delivered rather quickly. I'm looking for 400-800 point Dow correction. I also suspect AAPL will disappoint tonight, and that'll be some bear fuel. After hours action will be worth watching. Good shorts are YHOO EBAY and IMCL. Caution longs!!

[Lyehopper]

You guys are not seeing the big picture in steel. I have been educated in it. Don't you get that? Steel industry in the US will be stronger than everyone has anticipated.

Peanuts, Excuse me for being such an uneducated redneck but how does one become "educated" in "big picture" steel commodity evaluation? Is there a particular steel correspondence course I can order to further my education? I wonder how many toasters you can make with the steel consumed in one small commercial steel building that is not built due to interest rates or other economic conditions? Maybe that kind of thing is discussed in the course?

[Lyehopper]

It has to do with the processing of the steel. That type (I don't know the grade) became more easily oxidized because there was more free Fe hanging around for the O2 to react with.

Today's steelmaking would process the steel more before it is even cast in order to reduce the rusting of the finished product

"Today's" steelmaking?.... You make it sound like he asked about the steel made in the 1870's....

[Lyehopper]

In the 1970's American cars were notorious for rusting away before their time. Everyone said it was bad steel and let it go at that. Does anyone here know the real story behind the "bad steel" of the '70's ?

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

Mild sheet steel is just mild sheet steel Billy. Maybe the older car bodies of the 50's and 60's were made from a thicker gage and it's obvious that the construction was quite different but I'll bet the alloy of the steel was pretty much the same. Now it might be the cars made in the 70's just had "bad coatings" on them. Mid 70's Chevy pickups were notorius for rusting out very early.

[peanuts]

markets today

WOW!

I'm down 3% overall, just this morning. The run-up recently has been nice, so it doesn't seem like it's too bad, but I am going to be dropping a lot of my stocks throughout the day, and keep cash ready for the next big move in either direction.

[peanuts]

Peanuts, may I trouble you for some of your favorite steel FA info links when ya get a chance? Also, which stocks do you perceive as leading bullish? Thanks.

Spike,

I will compile what electronic information that I have, but much of my research is hard copy stuff... periodicals that I get in the office- research papers, marketing reports, etc. Is there anything specifically that you are looking for?

I'll post it on my thread, if you don't mind