I bought 50,000 AKS at around $14.17.
Disclaimer: Costanza trade.
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Joined Nov 10, 2007
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Did you REALLY want to do this?
http://finance.yahoo.com/news/Analyst-Study-on-AK-Steel-iw-1622053990.html?x=0&.v=1
I actually think it goes lower, which is why I bought it.
Lots of cash burning in my pocket.
Damn, just stick with your TLT. Keep your 2010 gains and just add a little bit at a time now with your TLT div’s. No need to gamble now.
It’s all gambling.
My face just melted
The Fly just bought something that wasn’t a short
Fly, you’ll recover part of your losses with FTK. It’s going to be $3 before XMAS.
Not a chance.
Admit it. You really like buying stocks and making money.
It’s always like that. Once you got LONG market should plummet…
If we are moving from a period of receding deflationary fears to reflation, and even mild inflation, it should be a good environment for stocks in general.
Hyperinflation is a whole ‘nother story, and stocks, like other financial assets will be poleaxed with extreme prejudice.
Perhaps that is why gold and silver are making more sense every day—the perception that we will see hyperinflation down the road.
Hard assets like gold and silver will participate during the reflation, and hold their value, and even punch the mustaches off of stocks if we get hyperinflation (>10%).
I never thought I would see things from Jake’s perspective, but I have now capitulated, I guess.
I smell deflation in the air….
That was just your fart.
I’m in manufacturing – activity is falling off hard and our backlog will shrivel up in about another 2-3 weeks. We have been on a non-stop upwards trend since July 09 for reference. I’m confident that the ISM will be below 50 for October. Why are you buying stock in a steel producer now?
Doubled down on tza yesterday
Great….. Fly just bought one of the stocks I own. Either I am a genius for buying before he did, or absolutely out of my fricking mind for still holding it now that he owns it. But either way I am guaranteed to bank coin, just like Fly always does.
Fly’s trying to make the market think hes going long so it will actually start to plummet. Now that’s space alien magician tricks. Either way Fly wins again!
I am not so sure lately. ChessNwine is winning lately. Period.