United States Steel has experienced extreme sell off over the past 10 trading days. The stock is already at an oversold state. However, this stock will be heavily affected by STEEL DYNAMICS result which will be released after market on Monday, and AKS results, released on Tuesday Pre-market.
Good earnings by these 2 steel companies would allow a short covering. In Aussie trading, mining stocks opened very low, RIO Tinto was 2% down, but investors are taking advantage of this sale to buy in.
Other attractive stocks now are Alcoa Inc, Bank of America and Micron Technology.
2 comments:
you are wrong again at AA. I see you at mid 9.50. I always short this stock since 17 and buy to cover it @ 12.55. Now, I still short this at 15.10 and still holding and have a stop loss of 14.75. have a nice trade Mr. Dragonfly.
Good luck with the finals and hopefully we'll see you concentrate on this when they're all over and done with. Always enjoy your blog
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