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07-02-2019, 07:40 AM | #2971 |
Stroking to the SB Champs!
Join Date: Aug 2000
Location: Flatlands of Kansas
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Could be, but as a guy that trades/brokers products around that industry, I wouldn’t touch that stock right now. I track coal and iron ore shipments that go into integrated steel markets (like USS). Lots of order cancellations in the last 2 months. That’s never encouraging news. FYI
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Posts: 39,852
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07-02-2019, 07:59 AM | #2972 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Quote:
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Posts: 52,112
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07-02-2019, 08:28 AM | #2973 |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,779
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07-02-2019, 08:39 AM | #2974 |
Stroking to the SB Champs!
Join Date: Aug 2000
Location: Flatlands of Kansas
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Posts: 39,852
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07-02-2019, 08:54 AM | #2975 |
He's Mahomie!
Join Date: Aug 2001
Location: Jax, FL
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It's a bubble guys. Run! Get out at the top. Buy gold and wait for the crash.
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Posts: 17,387
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07-02-2019, 08:58 AM | #2976 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,068
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07-02-2019, 09:06 AM | #2977 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Just made a small hedge against this market, buying 100 shares of SDOW.
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Posts: 46,068
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07-02-2019, 09:15 AM | #2978 |
Stroking to the SB Champs!
Join Date: Aug 2000
Location: Flatlands of Kansas
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Posts: 39,852
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07-02-2019, 09:26 AM | #2979 |
MVP
Join Date: Jan 2007
Location: Missouri
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Anyone playing around with the steel market would probably be better off buying actual scrap iron. They're basically giving it away in some areas. Better yet, it'd be a really good time to buy a full yard from someone that is ready to retire.
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Posts: 8,642
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07-02-2019, 09:33 AM | #2980 |
Stroking to the SB Champs!
Join Date: Aug 2000
Location: Flatlands of Kansas
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I broker scrap monthly. My July purchases are projected to be down $90/GT from where I purchased in May
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Posts: 39,852
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07-02-2019, 09:34 AM | #2981 |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,779
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07-02-2019, 09:39 AM | #2982 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,068
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07-02-2019, 09:41 AM | #2983 |
Stroking to the SB Champs!
Join Date: Aug 2000
Location: Flatlands of Kansas
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Posts: 39,852
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07-02-2019, 09:48 AM | #2984 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Just a short term trade looking for a small correction and some profit in a downturn. Nothing crazy am I am going to hold waiting for a big crash. Small profit in a correction, move to cash, buy something undervalued on a dip and repeat if necessary.
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Posts: 46,068
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07-02-2019, 09:59 AM | #2985 | |
MVP
Join Date: Jan 2007
Location: Missouri
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Quote:
Not that I want to collect scrap for a living, but if a guy had the right place to hold it for awhile it could work out well. My piles all have trees growing in them. |
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Posts: 8,642
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