GREY:HRIVF - Post by User
Post by
metalmaniakon Nov 19, 2009 6:29am
664 Views
Post# 16502578
Severstal in very good shape
Severstal in very good shapeI don't know where certain posters get the info that they are getting, but Severstal is doing very well right now. Its actually a very good thing as they have more cash to spend for HRG.
Pretty obvious though that Troika is manipulatiing the market to create an avg 30 day price ner .42. They will come in with a .50-.60 cent bid IMHO.
They are a greedy bunch and will likely fail again.
Nov. 19 (Bloomberg) -- OAO Severstal rose to the highest
intraday price in more than 13 months in Moscow trading after
Russia’s largest steelmaker returned to profit.
Shares of the company owned by Russian billionaire Alexei
Mordashov advanced as much as 4.5 percent today to 257 rubles,
their strongest level since Oct. 2, 2008. The steelmaker posted
third-quarter profit of $66 million after losses in three
straight quarters. The stock traded 3.4 percent higher at 254.40
rubles as of 12:02 p.m. local time.
The Micex Index, the benchmark gauge for the Russian stock
market, fell 0.5 percent today.