Production discipline. Lower sales. Tomato. Tomahto. Feels like they’ve called the whole thing off.
American Metal Market
Sep. 9 2008
(Article not directly linkable)
Earlier on NakedShorts
Here and here and here and here.
Disclosures
1. Short X, NUE. However, given the beating administered to the sector in recent weeks, NakedShorts walks in fear of the inevitable counter-trend rally and is now trailing stops on approximately one-third of the position.
2. A long, long time ago...NakedShorts wielded, under an assumed name and to remarkably little effect, a business card which said that he was president of American Metal Market LLC.




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