Friday, June 20, 2008

STEEL THIS BLOG! ~ Gerdau SA (ADR) (Public, NYSE:GGB) & AK Steel Holding Corporation (Public, NYSE:AKS)

Steel has been flat for the past month...options expiration!    

TIME TO BUY! 

GGB just split ... under $25

OptionAddict loves AKS ... under $70 

p.s.  ICOGC = ICOGoCoal,  we bought more today ... and started a "dip" position in BUCY.

p.s.s.  Who wants to buy a bank?  

7 comments:

BUY ON THE DIP said...

p.s. DIE CHINA COAL! (YZC)

87.89
-5.72 (-6.11%)

we win!

take more profits!

p.s. FUCK ORCL!

Anonymous said...

ICO 15 calls scare me, i am gonna stay away... Got out of ORCL today too, with little profits... if it goes below 21.5 will buy some puts again... it is too flat atm...

R.

BUY ON THE DIP said...

Bought more AKS at $68

Anonymous said...

Why is China coal dying?

BUY ON THE DIP said...

because CHINA SUCKS.

SHORT YZC .... our coal hedge.

86.61 -7.00 (-7.48%) Jun 20

new regulations about exports to US should hurt this bastard stock.

BUY ON THE DIP said...

09-Jun-08 03:05PM

AK Steel's Wainscott sells shares for $8.6M

CEO selling shares????

on the flip side....

4/28/08 Harbinger Capital P...
Purchase 130,000 @ 64.28 – 64.28
$8.4 M = GOOD!


4/7/08 Harbert Management ...
Purchase 1,538,955 @ 63.11 – 63.42
$97.3 M !!!!!!

bold. very bold.

two days later....BAMM!

4/9/08 Harbert Management ...
Purchase 270,000 @ 63.66 – 63.70
another $17.2 M

CEO selling?,.. funds buying! hmmmm....

Option Addict said...

"Option Addict" is an asshole for owning AKS, while the rest of steel stocks flourish.