finally got it right. About 9 months ago, I made 1.8 million on this sucker...and then walked away, selling it at 32.5 only to see it collapse while I was wasting time in other non productive areas, except for biotech where I have done well...........but continuously losing my azz on gold stocks and shorting the market. Anyway, I covered my spy shorts first thing this past monday morning and actually premarket, and said screw it buy X again, and let's see, so I covered my 6 million short spy, 16.7 thousand shares....making a small profit of 20 Gs, and bought millions and millions of X avg price 27.7...added to it this morning on the opening dump, topping off my tank, and it looks like once again, this is gonna be a gangbuster investment. We may well be in a new baby bull market, in which case X will be 55 bucks inside of two years. What is gonna get the pension funds into it in droves will be the pristine, old fashioned balance sheet, the lack of any debt almost whatsoever, and all the money it makes, and the ramping up of the dividends to 5 to 7 percent annually, .....this is gonna be a massive winner if we get no recession, or only a mild recession.
love the chart, love the fundamentals....dirt cheap, best fundamentals in the sector. In 5 months the war will be over and Ukraine is gonna need a continent's worth of steel to rebuild, and guess what, the largest steel factory in euorope in eastern Ukraine is now gone completely, as it is being leveled to bring in tech invesetment park....so where will europe be getting the steel to rebuild Ukraine? Exactly, X has its business right next door. The american's attempt to seize that country is being repulsed ferouciously, as the world's countries now view the U.S. as a pariah, a monstrous country, but they are gonna pay through the nose for X's steel.
