AK Steel (AKS)

[ak17072001]

I did not really believe AKS would go down to $5.99, I actually added more on Friday, but things are looking good.
AKS was the one who asked for the rate determinations on imported electrical steel to be moved from January to March and Department of Commerce agreed.
Contracts that will renew are going to be at higher steel prices.
It is rumored with the higher market AKS will post a lower pension expense in first quarter financials.
There are a few more catalysts I come across daily.
This is my largest position at moment.
I expect to sell all at end of May timeframe. I was hoping for 15, but will be happy at 10 by then.