Did I Mention, the Top Is In?

I did. Here and here and here.

American Metal Market
Aug. 25 2008
(Article not directly linkable)

Disclosures

1. Short X, NUE.

2. A long, long time ago...NakedShorts wielded, under an assumed name and to remarkably little effect, a business card which said that he was president of American Metal Market LLC.

Comments

[doubleeagle:]

Since July 18th, in the article As Solid as they come I have been short X. I think with world demand slowing that there will be a major contraction in valuation. Steel companies will be forced to lower prices even more. I would look for the 105 level as a target.

2008 Sep 04 12:38 PM