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Message from discussion Shorts are being squeezed- stay bullish on Steel
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Nickie Bear  
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 More options May 8 2007, 11:52 am
From: Nickie Bear <arashzolgh...@gmail.com>
Date: Tue, 08 May 2007 15:52:49 -0000
Local: Tues, May 8 2007 11:52 am
Subject: Re: Shorts are being squeezed- stay bullish on Steel
Massive support for steel. As long as there is war and construction,
commodities and specialy steel will keep going up. There is one thing
I like most about commodities vs. equities: Berkshire and Microsoft
shares may go bankrupt and cut in half or even worthless BUT (and
thats a big BUT); Steel an Gold cannot go bankrupt!
shammara.huss...@gmail.com wrote:
> >From mid march to mid April the dow went from arond 12000 to almost
> 13000, and ATI gained 14.7%. Steel will continue to act bullish and I
> would buy on pullbacks because:

> # valuation overall is low
> # strong fundamentals, can use extra cash for share buy backs, low
> risk, etc
> # high chances for consolidation
> # rising steel prices
> # lower imports and lower inventories will drive earnings higher from
> here on

> http://emasmarketblog.blogspot.com


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