Tuesday, October 24, 2006
Sector Spotlight: Metals
Commodity based stocks are rallying again-- specifically oil and steel. I wonder if the general market can continue going higher with commodities. If you recall, part of the reason why the Fed went apeshit with interest rates was due to high commodity prices. So, with metal stocks on the rise, keep one eye on the indices and another on the Fed.
Within the Metals, I like ERS, PCU, PD, X and NUE. However, I lack the conviction to go out and take down positions in the sector. Right now, I own a nominal amount of ERS-- and that's it.
Bottom line: Hot money is back in the Metals, are you man enough to chase it?
The following Metal stocks have mojo:
NUE +7.1%
ERS +5.3%
STLD +5.1%
TIE +5%
X +5%
ZEUS +4%
Within the Metals, I like ERS, PCU, PD, X and NUE. However, I lack the conviction to go out and take down positions in the sector. Right now, I own a nominal amount of ERS-- and that's it.
Bottom line: Hot money is back in the Metals, are you man enough to chase it?
The following Metal stocks have mojo:
NUE +7.1%
ERS +5.3%
STLD +5.1%
TIE +5%
X +5%
ZEUS +4%
Comments:
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broker a:
what's going on with nucor and the november 60 calls? I sold november 60 calls and bought jan 60 calls last week. Why do the november 60 calls have so much premium compared to the jan 60s? If they get acquired for say, 70 a share, wouldn't that make both the nov 60 calls and jan 60 calls worth about ten? I was trying to sell november premium but in light of this huge jump, my new question is, why the january's have relatively litle premium. I was wondering your take, and why pric ewaterhouse cooper?
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what's going on with nucor and the november 60 calls? I sold november 60 calls and bought jan 60 calls last week. Why do the november 60 calls have so much premium compared to the jan 60s? If they get acquired for say, 70 a share, wouldn't that make both the nov 60 calls and jan 60 calls worth about ten? I was trying to sell november premium but in light of this huge jump, my new question is, why the january's have relatively litle premium. I was wondering your take, and why pric ewaterhouse cooper?
# posted by 
: 8:17 PM
: 8:17 PM << Home
