I sold one issue of the FCX bonds this morning for 50% total gain + interest. I have been considering US Steel bonds but was less optimistic about them to be honest. Not sure if I want to buy here or not.
Yeah I've been in it a while back when I mentioned how XLB was showing some strength and all the materials were getting bid. Long from 1.60 to 2.10.
Very nice. Mav is this the kind of stock you talk about, that remains flat or rallies when the rest of the market sells off?
I watch Copper like a hawk and I noticed Copper firm up awhile back "while" the indices were in freefall. So then I look at the other material names and notice the same thing. I saw the number lines getting stronger in many of the name and then we had a perfect failed QTR A down. It just comes down to going through your number lines and putting the story together. The story in the material names was screaming at me.
Thanks Mav one question, where you say; Do you mean other raw material names such as Aluminium, Steel etc or the actual companies themselves dealing in raw materials for example AKS etc? Thanks.