http://zachstocks.com/2007/09/nucor-corp-nue-3/ Dynamic Investments for Exceptional Traders Sun, 05 Sep 2010 11:22:28 -0600 http://wordpress.org/?v=2.8.6 hourly 1 http://zachstocks.com/2007/09/nucor-corp-nue-3/comment-page-1/#comment-789 Aaron Mon, 17 Sep 2007 04:57:23 +0000 http://zachstocks.com/2007/09/nucor-corp-nue-3/#comment-789 I have to agree that NUE doesn't look like it has a great outlook. The technicals of the stock aren't particularly pretty either, with the stock having larger volume days on the downside than the upside of late. I have to agree that NUE doesn’t look like it has a great outlook. The technicals of the stock aren’t particularly pretty either, with the stock having larger volume days on the downside than the upside of late.

]]> http://zachstocks.com/2007/09/nucor-corp-nue-3/comment-page-1/#comment-760 Some Guy Sat, 15 Sep 2007 05:53:50 +0000 http://zachstocks.com/2007/09/nucor-corp-nue-3/#comment-760 A couple of things could indicate that even in the face of the China surge, the steel cycle could be turning. First, a number of metal center guys we've spoken with have said they plan to stock up inventories because the prices are so cheap. That could indicate a bottom in pricing. Second, despite pressure from Chinese imports, its very hard to predict whether the Chinese economy itself could eat up more steel and alleviate pressure on the U.S. makers. Certainly, if prices tighten at all then no one prefers to buy steel from China. Quality is often suspect and shipping and handling is a real hassle. So you may be right on this but you also could be seeing short when in fact we are approaching a cycle bottom. Demand side, yes, very slow in housing and automotive so that's a definite negative. But metal centers play a huge role in this whole thing and they are often early actors since they stay away from long-term contracts and hedging. All IMHO A couple of things could indicate that even in the face of the China surge, the steel cycle could be turning. First, a number of metal center guys we’ve spoken with have said they plan to stock up inventories because the prices are so cheap. That could indicate a bottom in pricing. Second, despite pressure from Chinese imports, its very hard to predict whether the Chinese economy itself could eat up more steel and alleviate pressure on the U.S. makers. Certainly, if prices tighten at all then no one prefers to buy steel from China. Quality is often suspect and shipping and handling is a real hassle. So you may be right on this but you also could be seeing short when in fact we are approaching a cycle bottom. Demand side, yes, very slow in housing and automotive so that’s a definite negative. But metal centers play a huge role in this whole thing and they are often early actors since they stay away from long-term contracts and hedging. All IMHO

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