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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (21369)	5/23/2005 10:35:43 PM
From: Paul Senior	Respond to of 78740

SIM: Yes, looked again at it this weekend. I forgot to put SIM on my watch list, and I forgot to check it most of the day. The one time I remembered, it was over $4. I'm willing to take a flyer at about $3.80 or lower - perhaps that's tomorrow. Steels are still very cyclical imo, and it's risky to be sucked in by these current low p/e numbers. If (or when) there are announcements of China slowing or any unexpected recognition of increases in worldwide steel supply over demand supply - these stocks may crater even more - and quickly too. Only very small buys for me, and I'll try to be alert for sell points.