web analytics

Daily Archives: July 23, 2008

I Found the Volume!

July 23, 2008
By
I Found the Volume!

A few days ago I posted a lesson about looking for the stocks and sectors that display outstanding price and, especially, volume gains during the first few days of a new market rally.  Oftentimes, the stocks that show the best performance initially will go on to big gains in the months to come. And, interestingly, many times the groups that show extraordinary volume thrusts are unexpected.  Coal was a good example in January; who thought such dirty energy firms could thrive in a world that was going Green?  But thrive they did. Today, we have an equally unexciting sector...

Read more »

Stock Benefits from China’s Hunger for Steel

July 23, 2008
By

For today’s stock, my recommendation is a mid-sized ($1 billion in revenues) steelmaker named General Steel Holdings (GSI). Here’s what Paul Goodwin of Cabot China & Emerging Markets Report wrote a month ago in that publication: “China’s appetite for steel is enormous, gobbling up about one-third of the world’s output every year.  The country is also no slouch as a producer, turning out about a third of the world’s yearly total. In an environment of consolidating giants and government planning, there is one small company that has found a profitable strategy and is growing strongly.  It’s General Steel Holdings,...

Read more »