Post by
topoftheridge on Aug 30, 2010 7:16pm
prouditalian
I once had a great deal of respect for you,
you were here since the beginning of the severstal shenaigans,
you stated your holdings,
then you sold and paid off your mortgage ( a great move, my exact dream)
but now you BS and lies are getting to me, you are as transparent as Severstal (did you move to Moscow?)
but enough is enough, 3 to 6 more months of manipulation? buyout at $1.10?
give it up.
You seem to have no problem with stateing your trades, thus I (we) would you respect you more if you just said,
"sold at 92, hoping to buy back at 85"
but making up crap in a feeble attempt to drive the price down is nothing to be "proud" of.
JMHO
Comment by
prouditalian on Aug 31, 2010 3:03pm
you are reading it right although forgot about 30 mil in debt. Its extremely cheap. Read the Olma report. The problem is Severstal owning 70%. They aint a friendly bunch of Russians and have tried to screw minorities in the past, thus the discount. this will always trade at a discount due to Severstal. Nobody can argue the math however.
Comment by
prouditalian on Aug 31, 2010 11:25pm
you asked a question and I answered. You missed the boat on the huge upside move dude. Most here are already up 400%. Severstal has a huge history of trying to screw us after they got in, thus the reason you will always get a discount. Still nice upside here but lots of manipulation. Max you will see here is 1.50, likely trades in .80-1.00 range till year end.