General Steel Holdings, Inc. (GSI)

[JPK1]

Tough call on this one East. Something is wrong with this stock imo. Can't seem to find any major company problems with their filings. Tracked them against X and SLX...no relation there. Chart shows this is going down> bottom does not appear to be in yet. It bounced off the 3/16/10 Pr regaurding the increased quartely loss, then reversed the trend with consistant downward pressure over the last 30 days. Looking at the 1yr chart, GSI touched the 3.40 ish range a few times and bounced off those lows.Raw iron ore and coke price increases (76% increased cost per Reuters) have eroded their profit margins.I guess linked to new ore pricing model now in effect this year. This is my WAG on the pps performance here. GLTY