I'm closing the swing trade on AKS here now. Closing trade at $38.69. There is some bearish sentiment in the metals industry of late and AKS will provide their earnings release tomorrow. I don't want to risk a possible negative surprise from AKS should they have any bad news on the sector as a whole. They could release good earnings numbers but any comment on the sector being weak will send AKS down as well as other steel/metal sector stocks.
Closing AKS here is the smart thing to do. It would have been nice if it was able to have a good run up to this point but I'll take the small gain anytime as opposed to risking it to a loss should their earnings have anything negative in it.
Monday, July 23, 2007
*** AKS - UPDATE
Posted by Fp80 at 7/23/2007 02:55:00 PM
Labels: AKS
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