Replies to post #5209 on Alloy Steel Inc. (fka AYSI)

[gilead23]

Not sure a drop off would hurt them

I don't think a modest drop off would anyway. We had a near calamity last time which is different than just some easing of demand. Everything mining came to a screeching halt for a bit. If we avoid that kind of scenario we should be fine although obviously hot growth is better

[KnightTrader]

So, a month later, I have come up with a much simpler idea: buying puts on AYSI’s biggest iron mining client, BHP Billiton.

You mean it wasn't the comment I left on your site to do exactly that about a month ago?

[DaveinHackensack]

That hedge was up 17.65% today.

[DaveinHackensack]

Wednesday wouldn't have been a bad day to piggy back on my idea for a quasi-hedge on AYSI -- those BHP puts I bought for $3.40 were down to $3. Today they're at $4.60.