No. of Recommendations: 0
Today all the steel stocks fell. Fortunately I sold NUE but I am still holding onto X because I feel there is still potential in the stock. My valuation model tells me that X is undervalued. I feel anything below $80 is cheap for X. But i know markets don't behave rationally at all times - just look at the insurance stocks, most of them are trading at PEG and Price/Sales Ratio below 1 with positive revenue and EPS growth. HIG went up today as well as All State. I feel good that I have a diversified portfolio :)