Thats why I wouldnt short the stock, it's moving on momo and asset inflation. A bounce on a pullback would be the only trade I would do and maybe leap puts.
No problem, I'm making them up now. I'm making it out of titanium so it's gonna cost you $57k per.... how many you need?
i can't because i've been swinging it the past few days, but i just bought into ATI - same group.(tie, ati, rti)
You certainly would be living up to your name. This might be a more prolonged dip than its previously encountered. But that just me talking.
ati has half the P/E and not that "interesting" histroy of splitting the shi7 out of the stock. however - I am still bullish this sector(industrial metals/materials). China and India have wayyy too many people to think that growth of industrial manufacturing is going to slow.
true enough ... but in the short-term, I think we'll see lots of profit taking across the board. the news on every front is BAAAAAAAAAD. Expect of of course the gains in the markets recently. Which will probably catch up to the rest of the global environment, at least in the short-term. But that's just me talking.