Monday, January 26, 2009

STEEL this BLOG! ~ *SHORT* United States Steel Corporation (Public, NYSE:X)


US Steel (X)*
$29.46
-1.33
(-4.32%)


KISS(es) of DEATH:  "United States" in the company name.  hmmm, we'll also accept "America" or "American".  Previous Thesis Winners: Bank of "America" (BAC) & "American" Airlines (AMR) (hmmm, "American" Express (AXP) also meets the criteria) 

(X) target: under $20 (new lows) 

BOTD owns:  SHORT (X) with puts (XNI & XNY)


    Fistful of STEEL ~ RAGE on *REPEAT* 

p.s.  Stanley Morgan ($MS) daily high $20.70 .... NO BABY! 

30 comments:

BUY ON THE DIP said...

The consensus of the 9 analysts covering X for 1st quarter 2009 is a per share value of USD -.58.

BUY ON THE DIP said...

X is a "consistency" play.

with KUB 26.93 -0.35 (-1.28%)

... CAT down 8% today.

... we should add BA at $43.

short STEEL and things made from STEEL.

airplanes, heavy machinery, etc ....

zstock7.com said...

HI BOTD,
You have a blog site too!
This is hot stuff over here---
I like your index target prices on the side bars---6000.
You trade OTM options too!
I'll have to read more over here---
As far as my winning. I'm consistent.
45W and 8L is my worst month, and that was last OCT--I kept trying to guess the bottom.
zee

Anon said...

BOTD,

RTP and BHP Billiton are whipping in the aussie market tonight. No idea what spurred such rise.

Be careful with X tomorrow.

Smokey said...

are you guys sure about X? Mofo is up 7%!

Smokey said...

I should of bought those FCX calls. I will kick myself

BUY ON THE DIP said...

short it all. Fuck this noise!

JeffreyLin said...

$CAT dumptrucks are made of steel. where were u on that short Big Daddy?

Go Team!

Anonymous said...

FAZ is done...

Anonymous said...

botd, we rolling the ms feb puts to march?
damn geitner

Le_Soldat said...

It seems like the bulls are trying to start another rally ?? Geithner and "Bad Banks" is something the bulls can use. Watch out for the Fed, could give Geitner an extra boost. I wouldn't be shorting anything right now. I switched all short positions to LONG right before Geithner was sworn in. Strong support on the dow at 8000, and it doesn't look the bears want to bring her down below that for the time being.

Anonymous said...

NUE calls at 45, lowest cost producer when it comes to steel, better than x

Anonymous said...

o yes cat is oversold, you forgot obama rama stim packs

Le soldat said...

CNBC puts Roubini on front page for today's headlines. I take that as a contrarian indicator. We may have a major rally today.

Smokey said...

Where is BOTD?? Nothing in 2 days??

Alex said...
This comment has been removed by the author.
seizure said...

BOTD is active just not posting here. check the stocktwits.

http://www.stocktwits.com/u/BuyOnTheDip

Anon said...

Creation of a bad bank is not a one day task. it may take days , months , years.

Gdp will open some eyes. bears have patience . bulls sell into this rally!

Bought Faz today

BUY ON THE DIP said...

Losing my ass in MS and X.

regret selling GS, FCX, RIMM calls...etc

holding a few longs.. Msft calls, PBR, etc..
sold the FAS from monday.

bought more FAZ and SRS today.

Not happy.

Anonymous said...

feeling your pain. Got in FAZ today too at 41.99...

What price(s) did you get?

sara said...

i got faz 44 i feel you daddy

Kidd Jones said...

BOTD

For kicks and grins...

FAZ$55 we need the sticker backer

also when is Stanley Morgan due??

Good news Cramer just said MS could double from here... BOOM! Down goes the bank.

BUY ON THE DIP said...

Goldman Sachs Added Caterpillar (CAT) to its Conviction Sell List
Jan 30, 2009 09:26AM
Goldman Sachs added Caterpillar Inc. (NYSE: CAT) to its Conviction Sell List,


Goldman Sachs Downgrades U.S. Steel (X) to Sell, Adds To Sell List
Jan 30, 2009 07:00AM
Goldman Sachs downgrades U.S. Steel (NYSE: X) from Neutral to Sell

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