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TranceAddict Investors Club @ Marketocracy (pg. 55)
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| Capitalizt |
| $5.00 gas here we come! |
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| atbell |
Here's more on steel.
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World steel prices continue to rise. According to World Steel Dynamics, the US spot price of hot-rolled band has now reached $1,154/t (FOB the mill), in contrast to 2006/07 when the price ranged between $550-700/t.
Meanwhile, the World Export price of HRB (FOB port of export) has also climbed above $1,000/t, reaching $1,024/t compared with $500-600/t during last year.
http://www.ssyonline.com/News_and_E....html?view=2674
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| Krypton |
| quote: | Originally posted by atbell
On it since '02.
I worked in the industry for 3 years.
This is why I don't think it's a bubble, like some have speculated. It's based mostly on demand, more so then oil.
While on the topic of bubble hunting, alternative energy is one I'm concerned about. Although the economist did speculate that the auto industry is a bubble that is popping after a very slow build. |
Yep. I made a Steel and Iron Fund >HERE<. China will continue to have their building boom especially for the Olympics, and earthquake reconstruction. India too will continue to need raw materials.
I'm at $13.90 today. Looking to break the $14 mark...:D
I've got 19 stocks, and none of them are negative...:) |
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| Krypton |
| quote: | Originally posted by atbell
Here's more on steel. |
And this is why my favorite sector, drybulk shipping, will continue to do good. They ship the steel and iron. Shipping rates have gone up MORE THAN 50% just this past year. |
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| mndeg |
krypton, how did you come across these companies?
i know trading these industries enough and you tend to just remember it, is that what you did?
looks like DRYS is falling back down after the run up |
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| Krypton |
| quote: | Originally posted by mndeg
krypton, how did you come across these companies?
i know trading these industries enough and you tend to just remember it, is that what you did? |
I used a stock screener to get stocks in these specific industries, then I ranked the stocks by highest to lowest market capitalization. I then just took the top 10 highest market cap stock from each industry and did an analysis on them. I assume that if the top biggest companies of any industry are doing well, then the industry as a whole is probably doing well.
| quote: | | looks like DRYS is falling back down after the run up |
I'm holding on to DRYS...It's up 8% as of 3.46PM today...;)
http://finance.yahoo.com/q?s=DRYS |
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| Capitalizt |
| I have some simple advice for you Marketocracy players...If SLV drops below $165, or GLD drops below $86, BUY THE LIVING CRAP OUT OF THEM. I predict a double within 36 months ;) Paper money is toast. Hard assets (and companies that OWN hard assets) are the place to be during these tough times. |
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| mndeg |
| that was def a short term bottom |
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| Groundhog Boy |
The shippers have really hurt my portfolio in the past week and a half. NM's huge miss today cost me a lot of money, but at least EXM and DSX were keeping things afloat in the morning. The afternoon...still cringing. |
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| Krypton |
| quote: | Originally posted by Groundhog Boy
The shippers have really hurt my portfolio in the past week and a half. NM's huge miss today cost me a lot of money, but at least EXM and DSX were keeping things afloat in the morning. The afternoon...still cringing. |
No doubt the sector has a lot of volatility. But I'm a fundamentals guy. I don't care what they did during the past week. I know their services are very much in demand, and they have been raising their shipping rates consistently. Profit margins are incredible. I mean...DAMN...look at DRYS...80% profit margin!!...100+% growth in revenue and profit from last year. These are the fundamentals I keep referring to. Yes, the shipping stocks are hella volatile. But I've invested in them for months now. Over that time period I've been making double digit returns across the board...EXM @ 60%...DSX @ 29%...ESEA @ 20%...DRYS @ 21%...etc. etc.
I find that simply investing in high quality companies means not having to worry about day to day price movements. I am confident in my ability to buy excellently run companies because I know that over time, it is excellently run companies which increase in value. |
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| Groundhog Boy |
| quote: | Originally posted by Krypton
No doubt the sector has a lot of volatility. But I'm a fundamentals guy. I don't care what they did during the past week. I know their services are very much in demand, and they have been raising their shipping rates consistently. Profit margins are incredible. I mean...DAMN...look at DRYS...80% profit margin!!...100+% growth in revenue and profit from last year. These are the fundamentals I keep referring to. Yes, the shipping stocks are hella volatile. But I've invested in them for months now. Over that time period I've been making double digit returns across the board...EXM @ 60%...DSX @ 29%...ESEA @ 20%...DRYS @ 21%...etc. etc.
I find that simply investing in high quality companies means not having to worry about day to day price movements. I am confident in my ability to buy excellently run companies because I know that over time, it is excellently run companies which increase in value. |
I agree, which is why I have all 3, but it still takes a strong stomach to ride the waves. It's not fun checking in to find that it's just shifted 4 dollars/share since morning on a $50 stock. NM's 11% loss today didn't thrill me at all, especially considering how off earnings were. On the plus side, at least half of that loss was yesterday's gain. |
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