looking sick, page-29

Hi Tri2,

I don't mean to rain on your parade but stockpiles are near record highs and steel inventories are also very high with very little demand.

http://www.cnbc.com/id/48923482

This link gives conflicting views on the future spot price. If Sage was smart, he would take any spike to offload, even at a reduced value. Better a short priced winner than a long shot loser. As I mentioned before (I think), the leadership in China is changing later this year, which happens every decade. Some say that is when some stimulus could come, so may provide a window. Perhaps some money printing from the Fed would help to lift commodity prices generally.

I'd need to see some pretty solid gains in fe to jump on board but watching. Who knows, maybe there could something else out of field left but the company really need to release a announcement outlining their strategy under different scenarios. Just my thoughts.

Peter