we expanded the short steel position today selling at 41.5 the projected loss for the second quarter should be fairly sobering we are looking at rev plunge from 5.65 billion a year earlier
to 2.39 billion expecting a loss of 3.45 a share even if steel comes in line with that loss with all the shut downs and layoffs this has to go down down -Sometime you ask yourself could it be that easy and the answer is it really isn't people are getting distracted by the big picture systemic risk seems to get suspended look at Msft market was up and it is down
There are some global commodity issue pushing steel and the dollar has a role here but those earnings look bad to me so I have to sell
and drop an email chrgr06@yahoo.com to schedule
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