Why did US STEEL rise so much today?
Buyout rumors? M&A activities?
My guess is that OBAMA’s 150BLN railway plan is going to see some money trickling into US STEEL bottom line.
This is why US STEEL rose so much today.
Too late to enter the railway rally? Not really.
I will wait for a correction. The DOW seems to be weak and may extend its losses tomorrow. I will be thinking to buy at $46.5 if the correction allows it.
However, should the market be further depressed, lower price may be seen.
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