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Monday, November 4, 2013

Goldman Sachs is following me

US Steel (X) jumped 40% in 2 months since I talked about it. Here is what I predicted back then: With this kind of super depressed mode in this sector, a little bit good news may probably make it jump by 20-30%. I was actually underestimating the momentum of it! Now Goldman (GS) is following me to also come on board by upgrading the steel stocks: it is now rating X as BUY from SELL, a rather big jump by its standards. I'm afraid with GS on board, the steel sector will be too much under the limelight, which is not necessarily a good thing, I hope the euphoria will not come too fast for the steel stocks and its uptrend can last longer.

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