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interesting site. However, it's not an accurate picture of what is happening in the steel markets. Yes, china is growing, but even they have slowed remarkably.
This puppy is still going nowhere fast.
Ahem, this company is on the fast track to nowhere for the moment. Nothing by their doings, but it's the metal markets in general. Mining and metal production are coming to a screeching halt. Absolutely no demand, to much inventory still, raw materials stacked everywhere. Mills are in terrible danger, etc.
Anyone thinking these guys are going to return to the glory days this year or next........ well keep on a dreaming.
I believe the long term prospects for the arco plate are there, but i see this now as a buyout candidate for the product. Not much left to see here for the next 18 months.
Yep, it was confusing all the rednecks LOL.
I've already dove back in. The buy volume seems to have been in the lead. It'll get back to a buck.
I think he's probably got some truth to that. I think the banks are in deep kimshee. The govt doesn't want to out and tell everyone that we're all in deep kimshee, so we'll put a pretty face on this and hope we can work our way back out of this or at least refinance things to make it bearable.
At worse, the banks falter and fail one by one toppling things and the govt can say "well, had it not been for bank X coming unwound then things would have been different."
I still think that we have one more gut shot to take that isn't being told. The govt is printing money like mad, i smell pain in the offing.
We buy GNA material, i'm here to tell you that these guys are suffering hard because of high inventories in service centers. The levels are bleeding off though, 3rdQ and 4th should be alot better. After this next Q perhaps the worst numbers will be over.
Steel Construction is down 60%. These guys are a big suppplier of those goods.
yep, i can't believe this is up this high. well, stocks and companies have little in common i suppose. LOL.
Things should be settling though. I think after this Qtr, the future for profit will start to return. Lots of cuts and restructuring going on in all companies. Mill price is around 20.50/cwt. 28 should be about a norm based on last few years. So maybe price will creep up if demand so much as shows any interest.
what does this mean for the holders? Increase in value to drive demand? Stable exchange?
What is the concensus folks.
well a daily cheer lead or bash is relatively useless and a waste of time. I do check in here daily as i'm sure others do.
lol, Tina, you know you're the only goddess of tech here. The rest of us...
Conan with a computer.
busy at work, consolidation of jobs has meant heavier burden for me... but at least i still have a job :)
good morning folks
Well, i can see where "nowhere to go but up from here" comes from. Steel is tricky right now. Massive infrastructure rebuilding will definately spur this back active quickly i think. Construction is throttled. Military spending?? Cutting back for sure i'd guess.
I agree, i think this rally is set by traders and institutions that are getting ready to put out figures to clients. They want to show a bump up from previous losses, then the market will settle further next few months till it's time for them to put out new figures again.
Dam the fund managers, lieing sacks of crap they are.
yep, this puppy seems to be alive again.
it seems it is today ! And i'm in cash lol.
Oh yea, he's a comedian. lol. Demand for steel products is down some 60% from 9 months ago. Business is starting to resume, but let's be clear here. Finished goods STILL stuff inventories at end users, service centers, and mill warehouses.
He is correct that the last half of the year should show improvement, but only due to shedding inventory.
good man, get a head start on those dirt bags. lol
yep, lol, i'm to scared of steel for the moment. But, companies and stock markets have no real connections either.
Ahhh, just think, you'll be borrowing my collection of guns to meet boys at the front door in about 15 years. Don't worry, i'll have them well oiled and ready to run off any would be dirtbags.
wow, bulls are running wild. No reason i see really for the moment, but glad they are.
Say a CONGRATS to AAsBrother, he's now a father of a fine little girl!
Sheesh, i was just making a point. But nice flame none the less.
hmm, interesting
Insiders buying too.
i think your smart on that one.
lol, i hear ya. Is a good day for this one though. Would have been nice to buy and make a quick 8% or so today.
Hey guys, be careful here. Steel industry is getting pummelled, end users are in control of the price. We also have an influx of foreign steel hitting the shores. Steel prices have been gutted, and they are slowly and steadily sinking for the moment. I wouldn't expect any earnings surprises or rushes to prosperity.
GNA is going to suffer through some hard times for the moment. Look toward 3rd and 4th Q for a better earnings number. Next Q is gonna SUCK hard IMO.
For gosh sakes man, watch the news. Things have improved dramatically over there. Progress the likes of which we've not seen in 8 years are unfolding. Go look at BBC news America. They have nothing to gain and are really a 3rd party independent news.
Watch McNeil-Lehrer on your local public access channel. They report massive improvements and a majority of people over there feeling safe, life returning to a normal post war state. Peace is settling in, prosperity is in the offing if they can get some investment going from the international community.
wish i had bought some of that at the low... lol
thank you aero, i'll go look for it.
I don't think the dinar is pegged to anything yet. That is not what i got from the articles..... i may need to reread them perhaps.
Yep, it may continue, but i think the happy camp will pull away when the steel sectors numbers start getting absorbed.
good lluck to you waggat, and i understand the need for liquidity. May your next endeavour be better :)
Out of FRE at .565, nice few hundred fast.
I'm not a believer in a huge RV, nor am i a believer in the LOPster. I am a believer that over the next 10 years that it may indeed one day grow to be worth far more than .001 per dinar. I mean really, that's super cheap.
New leadership in the US, a new outlook on how to deal with iraq/iran and that hemisphere.
I think those that don't believe this can one day achieve great strides aren't paying attention to the news.
Cessation of daily autions and pegging the dinar in the offing.
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Likely a member of the Finance Committee of the Sami Parliament Atrushi depend on the policy of the central bank's daily auction of $ and replace the fixed exchange rate linked to the financial market if the Iraqi market and the entry of global investment companies.
Atrushi and praised the recent action adopted by the Central Bank and the reduction of the interest rate on loans to 11 percent, stressing the need for interest rates linked to inflation rates in the country.
The central bank cut interest rates on loans from 14 percent to 11 percent after a decline in inflation rates in the country.
http://snipurl.com/dw92m
Finance Committee commends the monetary policy of the Central Bank
Atrushi predicted the central bank to stop the policy of the daily auctions of dollars and replace the fixed exchange rate linked to the financial market if the Iraqi market and the entry of global investment companies.
He said the daily sale of the bank kept the rate of the dinar and this force by the central bank will continue until the Iraqi market link global financial markets and corporate investment in a timely manner.
He added that Iraq would not continue in this policy and the shift to a policy of pegging the price of the dinar against the dollar.
http://translate.google.com/translat...adiodijla.com/
The HOP is BACK!!!
I told you the happy camp was firing up the drums...... time to get the marching bands on the fields.
GO FRE GO!