I have a feeling the conference call will be good today. Most institutions wait until cc finishes to start buying. Could see $30 today.
Wish I could buy right now. Saudi Arabia is going to push oil through the roof ahead of Aramco IPO —> more US drilling next year
Wish I could buy right now. Saudi Arabia is going to push oil thru the roof ahead of Aramco IPO —> more US drilling next year
Symbol:X 12/08/2017 30.00 C Security Description: UNITED STATES STEEL 12/08/2017 $30 Call Action: BOUGHT Type: Margin Trade Date: 12/01/17 Settle Date: 12/04/17 in $0.27 out $0.73 left some on the table, but can't argue with profit
Thinking about hopping in this one tomorrow if the market permits. Looks like if the long-term support line holds and the 200MA holds, this could very easily bounce 10% pretty quick to the short-term resistance at $38. That's where I'd sell the first half of my purchase, then hold the rest and see if it can get up to about $46.
Market already discounting their huge future investments, over 1 Bi at Mon Valley Works. Not for expansation, mainly revamping and retrofits, biut a significant number anyway.