The Ambitious Trader: Stocks, Trading, Investing..My Ambitions as a Trader and Investor

This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.

Friday, October 07, 2005

Steel Stocks Still Scorching!

I recommended Mechel Steel (MTL) not too long ago, and I don't regret it! The stock is perfectly healthy and moving right on up! So is MTL's nice runup just a coincidence? I think not! If you look at other steel stocks, you will notice that they all share similar looking charts!


In steel, I also like Tenaris S.A (TS)! Actually, if you have the bread, I have to say...Strong Buy on TS!

Gerdau S.A. (GGB) is another hot steel stock that can easily double! Buy some or at least put it on your radar!

Oregon Steel Mills (OS) is a stock that my pal Big Dave has picked as a top pick! The stock is looking good, as it bounced off the 50day Ma!

OS and other steel stocks as well as copper mining companies are poised to go up big with the rebuilding of Lousiana, so don't sleep on these picks!

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