Agreed-Scott its over done and a potential trade.  Steel production is down with the economy as it is but its hard to cough up the cash currently with everything else going on!  People forget they ship iron through the Great Lakes and they are kind of frozen right now-some companies may ask for delay in shipment in this environment.

 

This ticker is basically beaten down 75% off its high.  Is that enough or will the market get even more crazy???? 

 

For now I stay on the cash path in the face of all swirling around.  Somehow I think I have time here to initiate a trade and my 100 shares already owned here will recover over time.

 

JMO

 

Kutz