RE:RE:RE:RE:RE:issuer bidI hate to say it but I agree. I've reduced my position by >95%. The last block of shares I am keeping as a 'lottery ticket' in case the market starts appreciating this stock. As seen by my other posts on this stock - I am aware of the financials, the management, and the industry forces. I'm posting my list of reasons for why I've reduced my holdings. If someone would like to challenge me on them, I'd be open to listening and buying back in but for now, lots of other stocks that have a better set-up for me. 1. LOTS of additional capacity coming online in the US. 2. December futures contract will roll in to January on Tuesday. January will be front-month contract. Prices down 30% from August but still falling. I don't think anyone would bet that this is where prices settle. These prices are still historic highs and I think long-term we might settle at 600-800 USD/st. 3. Build Back Better failed which was going to be a catalyst. 4. Chip shortage going until 2023. I am not confident that auto demand will not fizzle before that. If the Bank of Canada and the Fed start jacking up rates in early 2022, would automotive demand remain resilient until 2023 while chips are produced? I don't know. New car prices are through the roof but retail units are down double digits. If the new automotive paradigm is fewer but more profitable cars for auto makers, that is not a good set-up for steel producers. 5. I still don't trust the management team and their intentions. Substantial issuer bid being below the current price being an example. I don't think I saw a good reason as to why they did it like that on this forum.