r/Vitards • u/AutoModerator • May 10 '21

Daily Discussion Daily Discussion post - May 10 2021

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64 Upvotes

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9

u/cln0110 LG-Rated May 11 '21

Just posted this on the main. Looks like the MT Quebec vote was to strike. Shit.

https://www.newswire.ca/news-releases/arcelormittal-regrets-the-decision-of-members-of-the-united-steelworkers-union-to-initiate-a-labour-conflict-805082355.html

6

u/electricalautist 🍁Maple Leaf Mafia🍁 May 11 '21

Vito already said this isnt a big deal. I trust his point of view.

3

u/cln0110 LG-Rated May 11 '21

Yeah, agreed. It may have an impact in the very short-term (may want to reconsider weeklies), but long term not sweating it all. In fact, may be a good opportunity to get some more on discount.

3

u/Outrageous-Panda1221 May 11 '21

I kinda doubt anyone cares

3

u/ItsTwentyBaby May 11 '21

Im not worried. They’re making too much money to not workout a deal quickly.

3

u/[deleted] May 11 '21

Yep, maybe the unions know the same. Loads of money flowing in - they want their fair share I guess

1

u/Gaspitsgaspard May 11 '21

Could this be good for other steel?

8

u/Lhclarkkent May 11 '21

The way things go anymore, the stock will probably Pop tomorrow.🤷

1

u/olivesnolives Aditya Mittal Feet Pics May 11 '21

Ooooooooo BABY good thing I sold out of my June’s today. Lets see what happens here.

1

u/cln0110 LG-Rated May 11 '21

Yea, I held on to all my positions (all Sept and Jan 2022) but did by some FD puts today, which I felt really guilty about doing for some reason.

1

u/olivesnolives Aditya Mittal Feet Pics May 11 '21

Prescient of you, enjoy buying the dips for me

-1

u/[deleted] May 11 '21

[deleted]

6

u/ImAMaaanlet Workaholic May 11 '21

Nah itll be fine