OST 0.00% 86.5¢ onesteel limited

Ive never held before, but brought a large parcel on close.They...

  1. 4 Posts.
    Ive never held before, but brought a large parcel on close.

    They have made it quite clear before that they are drastically cutting production. Quite clearly that is an assumption anyway given the current market and hence share price.

    Debt is the major overhang of most companies now. The fact they have completed 92% makes me think this will take over. An admission that im not in this for the long term. however very comfortable buying at these levels for a short term profit.

    After the news has been digested overnight, I think we should see a green day tomorrow.
 
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