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Thread: ArcelorMittal (MT)

  1. #11
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    anyone bough this gem ?


  2. #12
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    I am the only one to see this opportunity ?

    Anyone currently one MT or plan to buy ?



  3. #13
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    I might repeat myself but:

    I am pondering the idea of buying a concentrated position...

  4. #14
    Senior Member KaeJS's Avatar
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    Larry, I have been watching this for a week.

    Kicking myself for not buying at $16.

    Still looks attractive at $20, but I have a GUT feeling it is going to fall again...

    I am thinking about picking up 100, and then DCA'ing if it falls...

    I will have to magically make money appear to buy this though.

    If I had a lot more $$$, I would go balls in! Theres no way this stock isnt at leat $30 in the future!

  5. #15
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    Quote Originally Posted by KaeJS View Post
    If I had a lot more $$$, I would go balls in! Theres no way this stock isnt at leat $30 in the future!
    My feeling exactly ! I will see monday morning !

  6. #16
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    Market's not going down until after Apple reports. Everyone's expecting a blowout much like Google.

    Although who knows what those idiots in Europe are going to come up with over the weekend.

  7. #17
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    Mt +15% today !

  8. #18
    Senior Member KaeJS's Avatar
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    Good thing I got in at $17.85!

    Still holding!

  9. #19
    Senior Member KaeJS's Avatar
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    I didn't sell when it hit over $22. (which was really dumb. I was going to sell at $21, but greed told me to keep going )

    Price has come back down to the $17 range.

    With that said, I might purchase another 50 this week depending on how the market/stock moves.

    Yield is over 4.25% and the stock has room to run with some limited downside, if you ask me.

    I mean... how much lower is this going to go? $15 maybe?

  10. #20
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    Feb 2011
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    Down big again today, approaching $15.

    Anyone know the tax implications of holding this stock in an RRSP?


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