One Month Chart of AKS AK Steel (NYSE: AKS) shares are up 6.39% after the company announced late Monday that it will increase current spot-market base prices for all carbon flat-rolled steel products by $50 per ton immediately. “The move was consistent with our near-term bullish steel call, which was predicated on a second increase, … [Read more…]
Although Goldman Sax has a $5 six month target on AKS, I added to my 1/4 of my target position yesterday at $5 per share. The stock is way oversold. I think it will be a good opportunity with upside to $10 and downside to $2.50. Warning: This is a highly speculative stock, need 5 … [Read more…]
Today I effectively doubled my holding in AKS raising my holdings to 50% of target investment. AK Steel looks good on a number of fronts. One is their major coke supplier, SunCoke, Inc., has settled a lawsuit brought on by the City of Monroe. Also last fall, AK Steel aquired 100% interest in AK Cola … [Read more…]
I picked-up another 1/8 of my target position in AKS (AK Steel) today at $7.
AKS is now yielding 2.6%, and trading at a new 52 week low. I now have 3/8 of my target position goal with an average cost of $8.33.
I added 1/8 more to my target allocation in AKS today at $8 per share. This brings my total holdings to 1/4 of target with an average cost basis of $9 per share.
I took a small bite of the AKS apple, invested in more coal, got more Gorilla Glass and bought more of Rupert’s empire.