What to do about Nucor
By Steve Abraham on May 26, 2008
45 Responses to “What to do about Nucor”
Hi, now days there are lots of websites are offering financial news and help, I know one among of them called easystockalerts.com. It allows you to get the news before it even appears on the web. It’s like having a Bloomberg terminal at your desk, but only better! No spam, just very useful, actionable investment ideas.
Nucor would be a great buy today at $70.00.
KenHeebner has it in his Focus fund along with almost 25% of the portfolio comprising 6 steel companies!
C-H-I-N-A? & bric action.
Hi, if you never want to miss news that can move your stocks, then sign up for free at easystockalerts.com Hope this will work out for you.
Good luck!
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NUE has gone up >40% since January 2008. How much more do you think is in it, given the economy? Time to short this puppy.
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Hi Steve,
I like your analysis. You may want to look into using screencast to narrate your analysis. Someone did it using utipu.com and the result is fantastic. This is what he did. http://utipu.com/app/tip/id/2710/
John
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I would ignore the indicators and go purely on price and volume with NUE. The medium term trend is being tested, would’nt call it broken yet. Look at the big volume day on the 23rd - clearly a big sell-off that day. The stock has since recovered some ground but continues going sideways. If I was buying, I’d buy on a break of fresh, all time high and not before. If I was selling short, I would get in if it traded past that $71.00 level. Anyway, much better looking charts out there. Have a look at http://www.sharesmadeeasy.com - a free trader’s blog that highlights entry signals into other strong, trending stocks.
WallStreetTrader
This site is never updated. Time to remove it from my bookmarks!
Check out this stock market analysis program :
http://tonynazzal.blogspot.com/2008/06/stock-market-analysis-tool.html
Get to know stock market ideas and market information with combination of knowing the reasons that play an important role in determining the position of a current stock. Every investment needs to be planned to get god profits and the plan is a dual combination of the current news and the futures events that need to be analyzed. So, know all the things related to http://tinyurl.com/3vc839 investment in stocks hat there will be better investment opportunities.
I’m shaky on steels’ fundamentals…yes they increased prices but its due to lower volume…so overall I’m not sure they’re gaining much to the bottom line. However, I think people are reading the whole Olympics effect wrong..China has slowed/stoppedd a lot of production and manufacturing for the past few months to lower pollution. AFTER the olympics, China would likely be eating steel for breakfast, lunch and dinner again. And know this, the Chinese are crazy hard working…they work 6 or 7 days a week…forget the 2 day weekend hoopla!
Purchasing.com reports steel prices up but in disarray:
http://www.purchasing.com/article/CA6576947.html?industryid=48405&nid=2863
All MacD, trendline and ADX are showing bearish view. I think counter will dive further. To what extend, look for the next key support as the target.
It’ll be interesting to see how ArcelorMittal evolves to face the challenge of Nucor, given Nucor has big plans to expand through acquistions.
Nucor’s plan to raise about $3 billion in stock and debt offering does give it many advantages. Nucor intends to use the net proceeds from the offering for general corporate purposes, including acquisitions, capital expenditures, working capital needs and repayment of debt.
Nucor’s prime acquisition targets might be SCHN or WOR. Thoughts?
Another stock to watch in a related sector, is Alcoa (AA)
–Stockerati (http://stockerati.com)
What did you guys die over here? When’s the next new post????
Although Nucor looks best buy at this time, risk is also there….
Interesting thoughts on the Nucor stock. I wonder if there is a way to know how successful of a stock Nucor will be for sure though.
What do you think about this free stock analysis service website at http://www.stockcaster.net ? Do you think this service will help investors know how successful stocks like Nucor will be with more certainty?
I heard an interesting conversation on a radio show yesterday about the slowdown globally and how it is bringing an end to the commodity bull run. It was on http://www.investtalk.com. This is an interesting site with a lot of information about market trends.
Geez can you guys let us know what the heck happened to you all?
damn guess the site died huh? unfortunate
marketfolly.com
Is there any truth to the rumor of Sony buying DIVX???
I don’t know about the topic but now days there are lots of websites are offering financial news and help, I know one among of them called easystockalerts.com
This site is on a lot of blog rolls yet these guys are ghost. I even sent one of them an e-mail and have not heard anything. Does anyone know them or know what happened to them?
I agree with you but Get the news on the stocks that you have interest in with the latest updates even before it appears on the web. Have a look at easystockalerts.com .
Hi there,
I tried contacting you a while ago but never received a response, can you please email me so we can discuss my proposal?
Thanks
So this is why this site is now dead —
http://www.paidcontent.org/entry/419-bankrate-acquires-bankaholic-for-up-to-15/
johns sold his site for 15mm.
congrats johns.
Where’s Johns Wu?
His financial blog just sold for $15 Million!
Story:
http://bankaholic.blogspot.com/
i think all commodities will go further down as a result of the slowing demand and thus steel markets may suffer
What is so bad about the charts on nucor? Some sites have them has hitting a stable spot:
http://stocktruth.com/chart.php?symbol=nue
Hey check out the Traderpro weblog if you are into TA, Elliott wave, or anything trading related:
check out this free blog, he made some great predictions in the last few months..
Hi Steve,
I’m emailing you in regards to an email I sent to you last month about a partnership, have you had a chance to think about it?
If you have any questions or would more information, please advise me and we can go from there.
Kind Regards,
Andrew Knight
Website Manager
This is a good place to see some pretty decent technical analysis and other trading videos…
Great stuff
http://www.youtube.com/profile?user=TradeWithProsDotCom&view=videos
Chris, GoToGuy.com
I’v been suplementing my portfolio with Nucor for the last 2 mos., What does the techies say about them?
Nucor,is good shorting stock.As seen in the graph,the uptrendline,shown in red may act as a resistance line and trendline itself can act as shorting stop.The trendline very well defines the short setting stops.Large volume on breaking uptrend ,reaffirms the weakness in the scrip.
I feel nucor is a good shorting candidate.
I don’t know about Nucor, I dont think their cash flow is up to par.
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Take a look at easystockalerts.com. It allows you to get the news before it even appears on the web. It’s like having a Bloomberg terminal at your desk, but only better! No spam, just very useful, actionable investment ideas.