Stelco Holdings Inc T.STLC

45 million shares trade

[extremerisk]

Of the 77 million shares only 45 million trade to to keatenbaum bedrock and Watsa owning 32 million.

I think having only 45 million makes it easy to play games with stock price.  All you need is about 6 shareholders sitting around a screen who agree amongst themselves to keep bidding price lower.  Nothing illegal about it.  That appears to be what is happening here with Stelco.  That co ordinated attack can easily push stock price down or can also push it up when they decide to reverse course.  I have seen this happen before with low float stocks.  

who knows relatives of kestenbaum and bedrock can be behind these trades and that is also not illegal.  Market only works honestly when you have very large share count which we don't have here. 

Still think we go higher here and use the 5percent down rule to add more if happens again.

[Reitguy]

I added this week. What does your napkin math tell you?  I think im being conservative when i state stlc could be sitting on 2 billion in cash this time next year (minus what they pay out in div or other) todays market cap being under 3 billion id say i like the math.  Ill read some old posts to see other posters napkin math but feel free to post an update.