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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Old 07-02-2019, 07:40 AM   #2971
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I'm gonna buy some Long Term Call Options for USX. I think it's a good investment longer term.
Could be, but as a guy that trades/brokers products around that industry, I wouldn’t touch that stock right now. I track coal and iron ore shipments that go into integrated steel markets (like USS). Lots of order cancellations in the last 2 months. That’s never encouraging news. FYI
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Old 07-02-2019, 07:59 AM   #2972
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Could be, but as a guy that trades/brokers products around that industry, I wouldn’t touch that stock right now. I track coal and iron ore shipments that go into integrated steel markets (like USS). Lots of order cancellations in the last 2 months. That’s never encouraging news. FYI
I think all the negative news is somewhat overblown but I understand so many cancellations and changes with all the tariffs and trade wars.
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Old 07-02-2019, 08:28 AM   #2973
Hog's Gone Fishin Hog's Gone Fishin is offline
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Only steel I buy is green unfortunately.
I've got a JD 1020 for sale. 1973 model .
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Old 07-02-2019, 08:39 AM   #2974
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I think all the negative news is somewhat overblown but I understand so many cancellations and changes with all the tariffs and trade wars.
All I can tell you is that cancellations of large volume raw material purchases are never a good indicator.
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Old 07-02-2019, 08:54 AM   #2975
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It's a bubble guys. Run! Get out at the top. Buy gold and wait for the crash.
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Old 07-02-2019, 08:58 AM   #2976
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It's a bubble guys. Run! Get out at the top. Buy gold and wait for the crash.
I do like a good sarcastic post.
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Old 07-02-2019, 09:06 AM   #2977
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Just made a small hedge against this market, buying 100 shares of SDOW.
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Old 07-02-2019, 09:15 AM   #2978
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Just made a small hedge against this market, buying 100 shares of SDOW.
Prob a good buy. That price is at its historical low, right?
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Old 07-02-2019, 09:26 AM   #2979
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Anyone playing around with the steel market would probably be better off buying actual scrap iron. They're basically giving it away in some areas. Better yet, it'd be a really good time to buy a full yard from someone that is ready to retire.
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Old 07-02-2019, 09:33 AM   #2980
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Anyone playing around with the steel market would probably be better off buying actual scrap iron. They're basically giving it away in some areas. Better yet, it'd be a really good time to buy a full yard from someone that is ready to retire.
I broker scrap monthly. My July purchases are projected to be down $90/GT from where I purchased in May
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Old 07-02-2019, 09:34 AM   #2981
Hog's Gone Fishin Hog's Gone Fishin is offline
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KBLB

Well? Did you?
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Old 07-02-2019, 09:39 AM   #2982
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Prob a good buy. That price is at its historical low, right?
Yes, since it's an inverse fund and the DJIA is at an all-time high.
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Old 07-02-2019, 09:41 AM   #2983
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Yes, since it's an inverse fund and the DJIA is at an all-time high.
Buy, buy, buy.....

I don't know that the market is gonna tank, but a correction is certainly in order.
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Old 07-02-2019, 09:48 AM   #2984
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Buy, buy, buy.....

I don't know that the market is gonna tank, but a correction is certainly in order.
Just a short term trade looking for a small correction and some profit in a downturn. Nothing crazy am I am going to hold waiting for a big crash. Small profit in a correction, move to cash, buy something undervalued on a dip and repeat if necessary.
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Old 07-02-2019, 09:59 AM   #2985
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I broker scrap monthly. My July purchases are projected to be down $90/GT from where I purchased in May
I couldn't believe how low the offer was in some areas of the country.

Not that I want to collect scrap for a living, but if a guy had the right place to hold it for awhile it could work out well. My piles all have trees growing in them.
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