Companhia Siderurgica Nacional (CSN) is a Brazil-based company primarily engaged in the steel industry. The Company divides its business into five segments: Steel sector, which is involved in the production, distribution and marketing of flat steel, galvanized steel and metal packaging; Mining sector, which is active in the production of iron ore; Cement sector, which is involved in the manufacture of cement, as well as in the exploration of limestone and dolomite; Logistics sector, which consists of around two railway companies and a hub port, and Energy sector, which includes investments in energy generation projects to guarantee the Company’s self-sufficiency. The Company operates through subsidiaries, such as Companhia Metalurgica Prada, Sepetiba Tecon SA, Florestal Nacional SA, CSN Energia SA, Transnordestina Logistica SA, Estanho de Rondonia SA and CSN Cimentos SA, among others.
Rg, that was a good pick you give me on SID. I went for the gap play @1.80 and I think I missed by about 12 cents. It has bounced significantly since then. I still have it on my radar
Thanks TT ! I got some at 2.20 yesterday, a bit after open. Me and Binks (@Brendan Cowie )! Also have been buying gold in tiers, similar way you taught some years ago !!!
Ah, Gold...Good Move RG! SID has flat got away from me as my gap play @1.80 is long gone Sally (missed it by this much . LOL)
Thanks TT but already exited my position yesterday, sadly! But a profit is a profit and I felt happy for the gift I did received in a trade with just a couple of days.
Like they say no one ever went broke taking profits. Selling into the rally is the right thing to do as you did as we never know what the next trading day will bring. I sold 3 yesterday and one is down today and two up and if the market was down today all three would have been down most likely. They were all overbought as SID.
SID is making a move with the DOW down 50. This is one of my swing trades and will wait for a touch on the upper BB to sell
I had planned on buying more SID with markets getting slammed this morning but the uptrend continues getting closer to my exit price.
Nice run you got going here. Wish I would have noticed this one when you mentioned it earlier. Congrats tho!
SID is still trending through a brutal market week and my TP is $4.37 and could raise it to the upper BB at about 4.50 as the chart develops.
