X marks the spotLately I've been hearing a lot of buzz about the American supply chain. Self reliance of domestic goods , from my understanding , is what brought us into the golden age by the american industrial revolution. The vast amount of high quality american products sold all over the country and trough out the world. America was a machine, and well oiled one at last...
Well, so it seems. 60 years later, we have neglected what once made us wonderful. The rust belt is falling apart, the sunshine belt needs sun block. And from the looks of it, things are starting to fall apart.
However....war time powers provide federal stimulus towards interstate infrastructure...will we see this bill pass?
I root yes! And United States steel will turn a purple state solid red.
Lets Rebuild America!
Long-term Bull-Bias shares, and long options.
Here are some vertical lines.
Blah blah blah blah blah...
Shooting for 35 price target before July 2021. Lets go!
disclaimer:
I might be wrong.
THIS IS NOT FINANCIAL ADVICE.
I just wanted the idea out. I didn't put too much effort into typing this.
sources...
civil engineering society score of american infrastructure. you can look it up. i'm lazy
0LJ9 trade ideas
X Want To Buy This Name Below It's 52 Wk Low? Read Below If X is a name you'd like to own for the long term with an infrastructure bill in coming years in mind consider selling NOT buying OTM PUT LEAPS at $6 a year or so out - if the name gets "Put" to you your price should be below the recent 52 wk low once you consider the inflated premium you'll be collecting - as always this is not advice.
X Buy This Name Right For a Potential 300% UpsideX a GREAT American company with a not so great chart - we are looking for an entry in the $8 area but this will take some real patience for a potential big payday. We will NOT short this name - we will be patient. As always do your own DD. #trading #stocks #fintech
CLOSING: X APRIL 17TH 2 X 14 SHORT CALLS... for a total .08 debit and opening the April 18th 11 short call for a .30 credit.
Notes: Now that earnings are in the rear view, continuing to chip away at cost basis. Scratch at 7.65. Unfortunately, the short call is currently below my cost basis if assigned on the 22 shortie (22 -7.65 = 14.35/share) ... .
X - change of character?X has been trading surprisingly well this week. On Monday after printing $4.53 near the open, it closed off only a dime at $5.32 with the market down 3000 points. Yesterday X closed $5.58 after trading as high as $6.25. Today X held Monday's opening print of $4.53. I'm starting to see a change of character. Watchlist item.
United Stated Steel reversal 38% drop since December seems overdone.
Reversal opportunity.
Tariffs didn't work out like expected fro POTUS.
Short interest very high at 32% could fuel the rally.
Company profile
U.S. Steel reports Q4 2019 earnings, beating analyst estimates on both earnings and revenue.
During the earnings call, the management states that the market has hit a bottom.
The stock has lost a lot of ground since December, and it looks like it's time for an upside correction.
Longer-term concerns about elevated debt levels and increased capital spending remain intact. In the short-term, coronavirus is the main threat.
Source seeking Alpha