AI
Sunday, September 24, 2006 8:41:47 PM
No , didn't hold ener with too much was still going on but it was one easy short then , and you just go "ahaa" , shorting there was sure the right thing to do .
Like for catching STLD pop after eps back in July , they knew to start shorting these wholesale no matter how decent the reports weer , and they hammered IIIN for a slight miss. Commodities usually bottoming out in sept/oct and the smart Hedgies were just sitting there ready to pounce . I noticed the pattern with a few of the steels reporting before them , and everone of them were getting sold .
* Took STLD eps spike ss to $67 in july , the same day fell all the way back into the red under $60....now in the same boat with JOYG now trading below all major aves maybe hunting for $45 or lower on the weekly chart maybe or sure threatening too.
Like for catching STLD pop after eps back in July , they knew to start shorting these wholesale no matter how decent the reports weer , and they hammered IIIN for a slight miss. Commodities usually bottoming out in sept/oct and the smart Hedgies were just sitting there ready to pounce . I noticed the pattern with a few of the steels reporting before them , and everone of them were getting sold .
* Took STLD eps spike ss to $67 in july , the same day fell all the way back into the red under $60....now in the same boat with JOYG now trading below all major aves maybe hunting for $45 or lower on the weekly chart maybe or sure threatening too.
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