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6 pts

Opinion on  Mittal Steel Company NV N Y Registry (MT)     Sector: Basic Materials  >  Industry: Iron & Steel
MT analysis

Jan 31, 2008 10:40 PM UTC
Return Risk
-16.32% LOW
Sr. Analyst

1. See the market demand to supply with the William's ratio
& slow stochastic. Somehow, i'm pretty sure as to how general
demand (accumulation) to supply (dumping). So right now,
there is good demand and everybody has been piling up
this stock..which has resulted in consistent increase ~85.

2. I'm slowly getting bearish on MT, coz redline is about to cross blueline, indicating that pple will start unloading it soon. MT is almost  hitting,alltime high,which is a good sign. I
totally love this stock.

3. http://finance.yahoo.com/q/ae?s=MT
Very important thing to notice:  Next 5 yrs,  4.1% growth
is estimated. Which means, this stock is slowly becoming
very stable and we might see very nominal growth (slow)
from this point on.

4. Considering,all the above mentioned points: I think i'm
comfy selling MT at 87$+....And see if I can see another waive
of dip....and buy back in.....


MT:  This call was made on 01/31/08 @ $68.65
Rating:   Positive   $68.65 (01/31/08)
Closed:   09/25/2008 @ $57.49 (-16.26% in 238 days)


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Astukphoto
Armin Stuk   20%     1 point   commented 197 days ago reply

May 19, 2008- According to Bloomberg, Nippon Steel will raise steel prices for Toyota (TM) and Mitsubishi Heavy. The world's second-largest steel maker may raise its prices by between $240 to $290 per metric ton to offset increasing costs. For the first three months of this year, average product prices were around $770 according to the company's earning report. Last month Nippon said higher raw material costs would cut into its annual profit by over 40%. Toyota, which is close to a deal, has already said it plans to raise its prices in North America by 2.1% to offset material costs.
From the Bull Pen

The bull case is that these steel makers have no problem passing along its costs. Bulls can look to ArcelorMittal (MT) and Cleveland-Cliffs (CLF) on a pullback
http://astuk-virtuallystocks.blogspot.com/


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