The impending strike did not happen. They instead voted to to extend the talks. Everybody thought the sanctions and the news about the Mexico Deal
that broke last week were going to make all of the US steel companies go up. I did not see this happen yet.
I think we will see more sideways movement until the new union agreement is signed. Then back up. Earnings were up, orders are up, and steel prices are up.
No reason beyond the strike to think this stock should not be going up. Maybe the price is being manipulated by the steel companies so they can have a
better bargaining position?
I am long on X.
NYBKLYN
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@jackieadams75, You make some fundamentally valid points. And I appreciate your thoughts and input. Thank you bunches.
that broke last week were going to make all of the US steel companies go up. I did not see this happen yet.
I think we will see more sideways movement until the new union agreement is signed. Then back up. Earnings were up, orders are up, and steel prices are up.
No reason beyond the strike to think this stock should not be going up. Maybe the price is being manipulated by the steel companies so they can have a
better bargaining position?
I am long on X.