Post by
retiredcf on Sep 26, 2021 11:19am
Declining SP
Q: STLC is at a one month low of $39.95 (now $38.33) while the market has been moving up at quite a pace. Should I be looking to get out?
We don't have any real concern and we would consider the short time frame here. Stocks do not always do what one wants them to right away. STLC is cyclical and has been a bit weaker on economic growth concerns. But it is also very cheap because of this.
So said 5iResearch late last week. GLTA
Comment by
fishcarrier on Sep 27, 2021 7:11pm
In answer, the stock moved up today. Hor roll steel was down another $5 today on the CRU to $1695, but that's still a very healthy $2100 CAN. That's a sight more than the $1292 of last quarter. In fact, futures (which can change) now continue to exceed the $1292 through nest year this time. GLTA.