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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Old 07-01-2019, 02:08 PM   #2941
scho63 scho63 is offline
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Paging Hog's Gone Fishing.
I knew it was one of those farm boys, I just picked the wrong one, just like my stock picks.
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Old 07-01-2019, 02:12 PM   #2942
Hog's Gone Fishin Hog's Gone Fishin is offline
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I knew it was one of those farm boys, I just picked the wrong one, just like my stock picks.
Yep, me and Lewdog jumped on it when it was 15-20 and rode it to $42 and sold. I don't think I'm a buyer this time. I bought some UBER when it IPO'd at $42 and dumped it at $44, I have a gut feeling that was a mistake. It might well be a potential money maker when they finally turn. I think I saw it was $46 this morning.
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Old 07-01-2019, 06:12 PM   #2943
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Yep, me and Lewdog jumped on it when it was 15-20 and rode it to $42 and sold. I don't think I'm a buyer this time. I bought some UBER when it IPO'd at $42 and dumped it at $44, I have a gut feeling that was a mistake. It might well be a potential money maker when they finally turn. I think I saw it was $46 this morning.
I do not see US steel as a buy either. Too much in trade wars to worry about.
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Old 07-01-2019, 07:17 PM   #2944
Buehler445 Buehler445 is offline
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US Steel looks real appealing at these prices but my fear is that it turns out just like GE in that it's not undervalued.

Someone here was a big follower, maybe Buehler?
Only steel I buy is green unfortunately.
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Old 07-02-2019, 07:12 AM   #2945
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I'm gonna buy some Long Term Call Options for USX. I think it's a good investment longer term.
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Old 07-02-2019, 07:40 AM   #2946
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I'm gonna buy some Long Term Call Options for USX. I think it's a good investment longer term.
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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Old 07-02-2019, 07:59 AM   #2947
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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
I think all the negative news is somewhat overblown but I understand so many cancellations and changes with all the tariffs and trade wars.
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Old 07-02-2019, 08:28 AM   #2948
Hog's Gone Fishin Hog's Gone Fishin is offline
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Only steel I buy is green unfortunately.
I've got a JD 1020 for sale. 1973 model .
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Old 07-02-2019, 08:39 AM   #2949
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I think all the negative news is somewhat overblown but I understand so many cancellations and changes with all the tariffs and trade wars.
All I can tell you is that cancellations of large volume raw material purchases are never a good indicator.
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Old 07-02-2019, 08:54 AM   #2950
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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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Old 07-02-2019, 08:58 AM   #2951
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It's a bubble guys. Run! Get out at the top. Buy gold and wait for the crash.
I do like a good sarcastic post.
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Old 07-02-2019, 09:06 AM   #2952
lewdog lewdog is offline
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Just made a small hedge against this market, buying 100 shares of SDOW.
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Old 07-02-2019, 09:15 AM   #2953
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Just made a small hedge against this market, buying 100 shares of SDOW.
Prob a good buy. That price is at its historical low, right?
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Old 07-02-2019, 09:26 AM   #2954
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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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Old 07-02-2019, 09:33 AM   #2955
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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.
I broker scrap monthly. My July purchases are projected to be down $90/GT from where I purchased in May
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