Three Amigos Stock Thread Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Three Amigos Stock Thread

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ditchdigger who wrote (10095)	11/6/1998 12:47:00 PM
From: Sergio H	Read Replies (2) of 29382

<steel - hot sector ?> DD, you've got to look at the charts, as I always say (g). The steel sector is up 25% from Oct. 1 to today. I can't find a sector chart that I can post an URL for so I listed a few representative stocks. You can see the upturn in Oct. on most of these stocks. Steel stocks have been moving up on hopes that an improvement in world economies will result in more demand for steel. It's a bottom fishing play, similar to buying the oil stocks when there's trouble in the mid-east. The oil stocks haven't substained any move up from the bottom, but the steel stocks have made a significant move. Based on the recent strength in the sector, analysts have been busy upgrading and downgrading indicating that they're aware that the steel sector is attrating attention and it's time for them to take decisive action after the fact. The consensus should be that the steal stocks are ahead of themselves right now as they've improved faster than their fundamentals. Some steel stocks: quote.yahoo.com Sergio

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next