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From: OUprotrader <stuarteastw...@ou.edu>
Date: Wed, 7 Oct 2009 13:02:31 -0700 (PDT)
Local: Wed, Oct 7 2009 4:02 pm
Subject: What does the next week look like for US Steel?
I have followed [X] US Steel day to day for the past 2 months.
Regretfully, I did not purchase shares of it in the summer, one of my close friends who also trades feverishly bought options as well as many shares of it. He sold out at 51 saying that X has appreciated and would soon need to take a breather. Sure enough 10 days later X drops to approximately 40$. Now that the stock has corrected itself it is on course for some new quick gains. We believe it could reach 50$ again in the next week or two. In my opinion, X is a very good play in the short and long term.
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