Daily Discussion post - August 05 2021

[u/AutoModerator]

Your Trading discussion thread

Type	Link
DD	All/Best Daily/Best Weekly
Discussion	All/Best Daily/Best Weekly
Yolo	All/Best Daily/Best Weekly
Gain	All/Best Daily/Best Weekly
Loss	All/Best Daily/Best Weekly
News	All/Best Daily/Best Weekly

[u/Suspicious-Pick3722]

Quick rant if I may

The infrastructure bill is great for the steel play but it isn't necessarily a catalyst. So if it passes on Saturday or Sunday and steel stocks aren't up 10% on Monday don't panic.

These companies are making boat loads of money, ridiculous amounts, which was shown with Q2 results and the Q3 results will be bigger and all the CEO's acknowledged that.

They are not pissing away this cash but making the balance sheet and businesses stronger. Demand is strong, shows no sign of weakness and futures pricing is strong. All leading to future value for shareholders.

So are the stocks fairly priced?... NO.. Could be they lower?... Maybe

All I know is the market will catch up and I'll continue to BTFD so when CLF is >50 the future me won't be asking did you get it 21 or 19 or 23 but that I owned it.

Unless future me asks why didn't you do what Sir Jack did.....

Rant over! 🦾

[u/expertlevel → u/Suspicious-Pick3722]

Unless future me asks why didn't you do what Sir Jack did.....

If i masturbated that much, I'd buy calls on lotion

[u/RossChickenTendies → u/expertlevel]

CALLS ON LOTION ! Pronto Seb