Have been watching this one for the last few days and it definately seems to have bottommed. Could go into details, directors buying , commodity prices, bluging future sales book, imminent shortage of steel, 53 week lows but suggest u do your own research. Good potential for reasonable short term gains. Have put my money where my mouth is and picked some up. Had a reccomendation from a commodity broker to buy bluescope as there will be a shotrage of steel start of next year but feel Smorgan Steel offers more upside for same reasons.
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smorgon steel group limited.
Have been watching this one for the last few days and it...
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