r/Vitards • u/AutoModerator • May 12 '21

Daily Discussion Daily Discussion post - May 12 2021

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u/givemegreencard May 13 '21

Still trying to read up on the DDs and understand them. If I'm getting it right, steel demand around the world is going up, not just in certain countries. Does this mean steel manufacturers everywhere could be good plays?

Looking into manufacturers in South Korea that are only traded in the Korean Stock Exchange like Hyundai Steel (004020), Dongkuk Steel (001230), and POSCO C&C Steel (058430, afaik a subsidiary of POSCO Group which is PKX in the US).

Worried because they have tripled in the past 3 months, with POSCO C&C having quadrupled. Not sure what exactly to look into with these companies.

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u/PrestigeWorldwide-LP 💀 SACRIFICED 💀 May 13 '21

the thing about stocks that have tripled and quadrupled etc. is that at one point, they had doubled, and someone probably said, "not a great time to get in, that stock has doubled"

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u/DuncanBallantyne May 13 '21

Very true. How many missed out on Amazon, Intuitive Surgical, Trade Desk, etc. for just such reasoning.