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Old 10-20-2015, 07:49 AM  
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Investing....What about Steel Stocks ?
I took a load of scrap metal to the salvage yard and nearly had to pay them to take it. I remember several years ago people everywhere were dragging trailers loaded to the hilt with steel to the yards making good money scavenging. So I thought I'd investigate a little.

US steel (x) is selling for around $12 / share right now

Less than 12 months ago it was near $50

In 2008 it was $196

Right now it is at a 10 year low.

I'm reading that China is the major producer and supplier but their economy is faltering and the steel companies are in danger of going belly up. When this happens we should see prices move up.

Thinking about throwing 5 at it but don't want to wait for a Chiefs SB win to make a profit.

Thoughts ?
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Old 08-01-2016, 05:53 PM   #61
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Now it's at $26.60


And when Trump becomes president we'll see it at $100
If the first sentence is true, and you believe the second sentence to be true, you better be buying like a mofo on November 3rd. That is if Trump wins.
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Old 08-01-2016, 06:06 PM   #62
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If the first sentence is true, and you believe the second sentence to be true, you better be buying like a mofo on November 3rd. That is if Trump wins.
There are going to be several stocks that could make people rich . Concrete companies along the border are some of them. Aluminum and steel, Coal.
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Old 08-01-2016, 06:28 PM   #63
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There are going to be several stocks that could make people rich . Concrete companies along the border are some of them. Aluminum and steel, Coal.
Trump isn't building a wall. I'm positive of that.
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Old 08-01-2016, 06:33 PM   #64
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Trump isn't building a wall. I'm positive of that.
Technically you're right. Mexico will build the wall.
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Old 08-01-2016, 06:34 PM   #65
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Technically you're right. Mexico will build the wall.
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Old 02-18-2017, 07:00 PM   #66
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When I started this thread it was at $12. Now 36.80

Assholes !
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Old 02-18-2017, 07:01 PM   #67
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The Dakota pipeline will be built by American steel ! Executive order .
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Old 02-18-2017, 07:25 PM   #68
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Originally Posted by Hog Farmer View Post
When I started this thread it was at $12. Now 36.80

Assholes !
Don't blame me, I told you to buy.
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Old 02-18-2017, 07:43 PM   #69
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Another steel stock (GGB)

5 year high $13.00

Right now $1.46
GGB now 4.27
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Old 02-18-2017, 07:50 PM   #70
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Reading through this thread was fun, and sad. X got down to 6.50 . Oh my ! It's probably still a money maker at 36 but I can't afford that.
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Old 02-18-2017, 07:53 PM   #71
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Apaloosa LP just bought 360,000 shares of X
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Old 02-18-2017, 09:05 PM   #72
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