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I am totally stupefied by the current rise in steel stocks, especially NUE and X. The only explaination is a falling dollar and a surge in dollar-denominated revenues or a fall in dollar-denominated costs. I sold NUE after it crossed it 12 month target price and I saw no value in holding the stock any more. It's time to short "steel" :)


I am still holding onto X since it's way below the target price and I see it as a much stronger acquisition target than NUE.

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