tag:blogger.com,1999:blog-3323125037607548189.post9140809842911193352..comments2024-03-15T02:40:09.484-04:00Comments on Wall Street Manna: Meredith Whitney blabs the same old storyPalmonihttp://www.blogger.com/profile/17670456087642069778noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-3323125037607548189.post-44478961674958263902010-06-21T15:23:28.895-04:002010-06-21T15:23:28.895-04:00just in case anyone forgot the rumble note!!!!just in case anyone forgot the rumble note!!!!Palmonihttps://www.blogger.com/profile/17670456087642069778noreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-6484165614384606632010-06-21T14:21:18.249-04:002010-06-21T14:21:18.249-04:00you were right Palamoni--V did look "good he...you were right Palamoni--V did look "good here" at $75.42<br /><br />V ruuuumbles -now 82.38Settembrinihttps://www.blogger.com/profile/00854544409784504550noreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-18009995655554817722010-06-21T13:50:50.087-04:002010-06-21T13:50:50.087-04:00Senator Kyl: Obama Told Me He's Not Securing B...Senator Kyl: Obama Told Me He's Not Securing Border on Purpose <br /><br />http://www.thefoxnation.com/sen-jon-kyl/2010/06/21/senator-obama-told-me-hes-not-securing-border-purposeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-44483552382520092812010-06-21T12:29:55.024-04:002010-06-21T12:29:55.024-04:00Come in a little-we had a nice rally and now it wi...Come in a little-we had a nice rally and now it will probably be digested up here and lower--and the pullback will allow numbers like BUCY to trade higher<br /><br />So lets see it come in and that will set up trading opportunitiesPalmonihttps://www.blogger.com/profile/17670456087642069778noreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-4002912954195466392010-06-21T12:25:48.298-04:002010-06-21T12:25:48.298-04:00what do u think of the market herewhat do u think of the market hereAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-6092472804597208022010-06-21T10:56:50.718-04:002010-06-21T10:56:50.718-04:00vertical integration into iron ore.
missed that f...vertical integration into iron ore.<br /><br />missed that from the Goldman note at endPalmonihttps://www.blogger.com/profile/17670456087642069778noreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-55956409500021609052010-06-21T10:55:54.801-04:002010-06-21T10:55:54.801-04:00V looks good here. Goldman said this about the ste...V looks good here. Goldman said this about the steel names:<br /><br />Steel prices could soften further<br />We expect steel prices to modestly decline in the near-term primarily driven by lower scrap prices. However,<br />we believe that this soft patch will not last beyond the seasonal summer slowdown as demand should<br />continue to improve. Scrap flow has already slowed down markedly which should limit the downside, mills<br />have started to exhibit rationalization, and inventory levels remain low. Although order flow at the mills has<br />declined as buyers are content since they bought enough steel while prices were on a rise, low levels of<br />inventories indicate that they will not be able to remain on the sideline for too long.<br />Mills have once again started to show discipline<br />Recent announcements of productions cuts in the US and abroad reaffirm our view that steel producers will<br />remain disciplined to match supply with demand. Overproduction is the least of our worries and we have seen<br />mills exhibit discipline time after time since 2004. This discipline is not just limited to the US or Europe; even<br />steel mills in China have curtailed output when supply has exceeded demand.<br />China may tighten its policy to curtail exports<br />There have been press reports that Chinese government may reduce export rebates or even impose export<br />tax to reduce the flow of steel out of China. We believe that such a measure will be very positive for the<br />global steel sector. We have always maintained that China does not have a competitive cost structure and is<br />not in a position to become a large sustainable exporter.<br />What raw material giveth raw material taketh away<br />A sharp drop in iron ore and scrap prices is the biggest threat to steel prices, in our view. Steel price<br />increases since early this year have been primarily driven by raw materials, and as spot iron ore prices in<br />China and scrap prices in the US are sliding, steel prices are on a reversal.<br />Low cost producers should outperform in the near-term<br />As scrap prices back off and production volume are reduced, low fixed cost mini-mills like STLD and NUE<br />(both rated Buy) should be able to weather the storm better than their integrated counterparts. Medium to<br />longer term, we like X (Buy) due to its<br /><br />FCX is the best gauge for iron ore and its up 4Palmonihttps://www.blogger.com/profile/17670456087642069778noreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-38898326914572089762010-06-21T10:33:14.583-04:002010-06-21T10:33:14.583-04:00Citi not worried either-also expanding hedge.
and...Citi not worried either-also expanding hedge.<br /><br />and last month cramer was saying sell some of your stocks and buy 'safe' stocks with div.--is it now ok to buy 'unsafe' stocks? Why not just hold, or buy on the dips would have been better advice.<br /><br />X up pretty <br /><br />but what about V? hold on? will it ever hit past 90 again?Settembrinihttps://www.blogger.com/profile/00854544409784504550noreply@blogger.com