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rjm77me
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rjm77me's Blog : Some times reading Analyst Reports can hurt you

Date January 18, 2012    Comments Comments (3)    Rate this post Recommend This Post (42)   
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I bought X = US Steel in 401K 


MErril Lynch said SELL - I read after hours.  Sure the stock opned 40 cents lower and I said O my God.


Any way I ended up selling for small profit at 27.66 and stock has already made $1 spread this morning. I ended up with $48 profit on 200 shares for holding overnight - Still not bad


This says I can still buy lower and hold to me

Tags : KALU   ACH   AA   SCHN   CMC   NUE   PCX   ANR   BTU   POT   MT   X  

3 Comment(s):

Author rjm77me     Date January 18, 2012 11:30 Abuse this post Report Abuse
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Steel sector moves more with the move of currency or DOLLAR trade
Sure there is weakness in Steel and for a trader knowing what the analyst think can raise a caution flag and make money both ways or trade some thing safer for the day or week
Author rjm77me     Date January 18, 2012 12:43 Abuse this post Report Abuse
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Do not brood about missed trades or what you could have done yesterday or 5 minutes ago
Do what you need to do in next 5 minutes ot next 24 hours
Author rjm77me     Date January 22, 2012 20:29 Abuse this post Report Abuse
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X went up another 5% in next 8 hours of trade
It has pulled back to my selling price
I will buy one $ lower
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