Looks like all the optomists are out, I think after the todays news I will short sell it.
Lay offs, mill closure and more to come I bet, looking for another 70c fall below $8, over supply of steel and too much in stock, and price of raw materials at an all time high.
It may look good to be be consolidating but in general I think that overall its business slowing which means profit slowing which was also announced today...2nd profit downgrade.
Yes I've put my money where my mouth is..... short sold 2000 today.
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Last
$20.52 |
Change
0.570(2.86%) |
Mkt cap ! $9.030B |
Open | High | Low | Value | Volume |
$20.23 | $20.56 | $20.18 | $40.14M | 1.957M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4944 | $20.44 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$20.58 | 14967 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4944 | 20.440 |
2 | 4944 | 20.410 |
1 | 4944 | 20.380 |
1 | 4944 | 20.350 |
1 | 145 | 20.300 |
Price($) | Vol. | No. |
---|---|---|
20.580 | 14967 | 1 |
20.600 | 5263 | 2 |
20.630 | 4944 | 1 |
20.660 | 6712 | 2 |
20.680 | 5000 | 2 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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