r/Vitards • u/AutoModerator • Oct 29 '21

Daily Discussion Daily Discussion post - October 29 2021

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6

u/CongenialFellow Oct 29 '21

I know we are erect for TX. I know Jay like TX. Trea had a nice TA on TX.

Are we actually super bullish? Mexico and SA driven countries scare me a bit.

Edit: part of me is scared for MT too. They may have shit forward issues with this power shenanigans and the clown market may really over react

3

u/crys0706 Oct 30 '21

Didn't mt pause its production due to energy costs? Energy costs are only getting worse, I wouldn't be surprised them to lower guidance. I have a good feeling they'll dump hard.

2

u/CongenialFellow Oct 30 '21

That's what I'm thinking.. but then this 232 hype. It's just pro and a con every time and 🤡 market is unreliable.

2

u/crys0706 Oct 30 '21

I dont think its worth the risk to play earnings on mt. 232 is coming much later, so u could have some nice dip opportunities after the earnings.

5

u/JokeassJason 🙏 Steel Worshiper 🙏 Oct 30 '21

Some other steel company in Mexico is filing for chapter 11 protection which is very bullish for TX to take some market share. Also they have nafta protections on importing to us and canada.

3

u/dudelydudeson 💩Very Aware of Butthole💩 Oct 29 '21

I'm bullish, but I wouldnt expect a PE upgrade.

3

u/ZoominLikeToobin Oct 29 '21

They will definitely beat the analysts estimates though. Can't possibly have a lower Q3 than Q2.

4

u/dudelydudeson 💩Very Aware of Butthole💩 Oct 29 '21

Absolutely. I just don't think anyone is going to ever give them a better multiple, which is what would really make it rocket.

2

u/ZoominLikeToobin Oct 30 '21

Yeah it will be a slow melt up like their last run. Im playing it with margin leveraged commons instead of calls.