OST 0.00% 86.5¢ onesteel limited

selling pressure is huge but seems stable...negative news by bsl...

  1. pp
    2,336 Posts.
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    selling pressure is huge but seems stable...negative news by bsl and market is down...hedge fund and shorters...I thank them for giving me good entry today...it was always the case that ppl see ost and bsl in same boat but their business model is quite different...they are still making profit..apart from that they are trimming steel output certainly a big and good step by considering weakening steel prices...already 25% off after its announcemnt...short should squeez as soon as it starts going up and it will go to 90ish....dont know how much wud it rise from there after but surely wont trigger margin call from here....
 
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Currently unlisted public company.

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