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hoping it will push $3
Looking optimistic
Shares Upgraded to a “Buy” Rating
http://localizedusa.com/2011/10/11/arcelormittal-adr-mt-shares-upgraded-to-a-buy-rating-by-dahlman-rose-analysts/
Today is looking strong, highly outperforming the major indices and climbing to high 17s, keep up the positive outlook
We will start going the right way now imo. looking like a pretty solid bottom, holding steady. Opportunistic time to climb on board imo
Demand is still steady, they can focus on 3rd world to increase revenue as demand has faltered some in the UK imo. Its good that this established all over the world.
http://www.metalbulletin.com/Article/2908751/Flat-products/Higher-demand-sees-ArcelorMittal-Temirtaus-crude-steel-output-rise-15.html
Volume increasing in preparation for more green days to follow imo.
http://www.tradershuddle.com/20110929156207669/Tech-Corner/ArcelorMittal-Higher-With-High-Volume.html
News and outlook is still very positive, looking good.
http://www.fnno.com/story/market-movers/331-shares-arcelormittal-receive-boost-42-market-movers
Going strong, in conjunction with the major indices
today's upwards trends will soon put this back on track at 20+ imo. Very nice upwards momentum today. 2X increase over DOW % so far
Report to SEC - If you have reasonable suspicion or possible evidence that this company is fraudulent, is not following SEC regulations, or is/has been involved in misleading or false releases of information to the public, please report to the SEC:
www.sec.gov
direct link to complaints/tips:
https://denebleo.sec.gov/TCRExternal/questionaire.xhtml
I think analysts projections are soon to fall in line and rebound is in the works:
9/23/11:
"In the past 52 weeks, shares of ArcelorMittal have traded between the current low of $14.77 and a high of $38.88 and are now at $15.54. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 5.3%.
Potential upside of 108.2% exists for ArcelorMittal, based on a current level of $15.35 and analysts' average consensus price target of $31.97. The stock should find initial resistance at its 50-day moving average (MA) of $23.64 and further resistance at its 200-day MA of $32.46."
http://www.fnno.com/story/52-week-high-lows/331-arcelormittal-looks-continue-trade-below-its-annual-low-share-price-today-52-week-high-lows-0
They aren't even in a bad position imo.
They are prepared to weather a storm this time around, even in worst case scenario of a double dip:
"BRUSSELS, Sept 23 (Reuters) - - ArcelorMittal , the world's largest steelmaker, said it would weather a possible new recession better than in 2008/2009 because of savings made to date, a healthier balance sheet and its expansion into mining.
The Luxembourg-based group told investors on Friday that its core profit (EBITDA) would be higher than in 2009 if the developed world fell back into recession next year."
link: http://www.reuters.com/article/2011/09/23/arcelormittal-idUSLDE78M02I20110923
Also regarding MT:
http://www.reuters.com/article/2011/09/23/arcelormittal-china-idUSWLA594120110923
As these levels it looks like a bottom imo, ready for a reversal. Looks like a very solid long. Very interested in potential
http://seekingalpha.com/article/291772-himax-a-solid-long-idea
Newcommers: read Hostile's posts
This stock is at its bottom imo, all good news and up indicators:
http://seekingalpha.com/article/294968-5-stocks-to-buy-next-in-september
http://www.bloomberg.com/news/2011-09-19/arcelormittal-s-first-indian-steel-plant-may-beat-posco-project.html
I did a lot of research today on this one, it has some strong upside potential imo, hoping the Euro issues don't give it a short term further drop though, glad they are the largest and have opps in developing countries too, should give some further edge, if it stays or drops current lvls I'll probably get in tomorrow, crossing fingers it stays even or takes one more dive so I can catch a dip
what are you in at?
Looking green, up up
Tomorrow will be interesting