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10-20-2015, 07:50 AM | #2 |
You Sweetie!
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10-20-2015, 07:51 AM | #3 |
Bono & Grbac wasn't enough
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For what Pittsburgh is going to do to us this weekend, it would be smart to invest in steel.
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10-20-2015, 07:52 AM | #4 | |
Stroking to the SB Champs!
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Quote:
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10-20-2015, 07:52 AM | #5 |
You Sweetie!
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10-20-2015, 07:56 AM | #6 |
Cheat Death
Join Date: Nov 2007
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Could really weigh down your portfolio.
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10-20-2015, 07:59 AM | #7 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $280477
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Quote:
Now its at 12.00 Any thoughts how much lower you think it might go. I'm reading it won't go any lower or just mostly sideways but agree with the next 12 months. Seems like every time I see an opportunity and wait then I wake up after it's too late. |
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10-20-2015, 08:00 AM | #8 |
Scarlett Johansson's boytoy
Join Date: Nov 2006
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Chinese companies are all state controlled. They don't go "belly up".
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10-20-2015, 08:05 AM | #9 |
Fish are scared of me
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Possible Game-Changers
As mentioned before, a very high-profile overture by the Chinese government to shore up its vast network of steel mills could keep cheap steel flowing throughout most of the world. An effort from the U.S. government to bring more parity to North American prices and the rest of the globe, meanwhile, would change the price equation considerably. “The only way steel prices can come down markedly here is if North America starts equalizing with international prices,” Anton said. “But it hasn’t done so in four to five years and I don’t see a big push for it to do so next year. And if bankruptcies don’t happen in China and the government bails out their steel mills, that means prices stay very low at least until mid-year and if the Europeans fail, prices will rise. If China doesn’t bail out the steel mills, they start going bankrupt this year and early next year and prices go up |
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10-20-2015, 08:12 AM | #10 |
In Search of a Life
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A year ago I got .39 cents a pound for a truckload of scrap I wanted to get rid of. A few weeks back I got .03 cents a pound for the same truckload.
It was hardly worth the gas to take it up there, but still cheaper than having the trash haulers take it. I wouldn't buy any stocks at this time in this industry unless you want to wait ten years for it to rebound. |
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10-20-2015, 08:31 AM | #11 |
Space Cadet and Aczabel
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This is exactly when you buy. I may buy some and I don't have any stocks at all. I buy on bad news because bad news generally fades. Look at the fundamentals. If the company is solid not teetering on bankruptcy then start buying.
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Thanks, Trump for the civics lesson. We are learning so much about RICO, espionage, sedition, impeachment, the 25th Amendment, order of succession, nepotism, separation of powers, 1st Amendment, obstruction of justice, the emoluments clause, conflicts of interest, collusion, sanctions, oligarchs, money laundering and so much more. |
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10-20-2015, 08:40 AM | #12 |
It was not a fair catch
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I have been cleaning out my parents house. The metal that we find is not worth the trip to the junkyard. There was a lot. pans, shelves, random crap. We were told 60.00 a ton.
So most of it went in the garbage-land fill. I feel bad, but the dumpster was more cost effective with everything else we had to dump. (BTW 50 cu yards of stuff from my parents house) Two years ago-at the farm equipment auction-guys were in a bidding war for scrap metal. Batteries, milk cans, old iron, barn tin. Heard China was making metal and selling it as scrap.
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10-20-2015, 08:48 AM | #13 |
Space Cadet and Aczabel
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Now is the time to buy. Forget this advice. I may research and buy some. I like to buy down stocks for a 3-5 year hold.
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Thanks, Trump for the civics lesson. We are learning so much about RICO, espionage, sedition, impeachment, the 25th Amendment, order of succession, nepotism, separation of powers, 1st Amendment, obstruction of justice, the emoluments clause, conflicts of interest, collusion, sanctions, oligarchs, money laundering and so much more. |
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10-20-2015, 08:59 AM | #14 | |
Debunking your bullshit
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10-20-2015, 09:05 AM | #15 |
Stroking to the SB Champs!
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It's going lower - that's the point. Hold off.
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