3SOF

And this stop moves as the stock moves up.

How you do find the support point? 

What is the target price on AKS ?

AKS @ $7.65 on the After Hours.

nice move

stockconsultant.com 

I have to leave now. I've updated 13 of my 15 holdings and left CYAD.OB and AKS to update before the open.

Good afternoon in the US, good night in Europe and good to all of us spread around the world 

Another news about aks on yahoo is out, the title is
   [$$] AK Steel, Cleveland-Cliffs Rise on Small-Caps Tide
But it need Wall Street Journal registration to access.. who get the access? I like to know the main idea/ important points.

AK Steel, Cleveland-Cliffs
Rise on Small-Caps Tide

By MOHAMMED HADI
DOW JONES NEWSWIRES
June 17, 2005

Outperforming large-cap shares again, small stocks closed at their highest level in about three months and zeroed in on their 2005 highs.

Metals and mining stocks extended recent gains and were among the best-performing industry groups. Among small steelmakers, AK Steel Holding rose 29 cents, or 4%, to $7.52, and Cleveland-Cliffs rose 3.92, or 6.6%, to 63.22. Silver and gold miner Coeur d'Alene Mines rose 16 cents, or 4.5%, to 3.73, and platinum miner Stillwater Mining rose 24 cents, or 3%, to 8.14. (All trade on the New York Stock Exchange.)


Small software companies were among the worst performers. Agile Software fell 25 cents, or 3.8%, to 6.33 after Pacific Crest cut its rating to "sector perform" from "outperform." Websense fell 2.28, or 4%, to 52.83, and WatchGuard Technologies fell six cents, or 1.5%, to 3.90.

Barry James, portfolio manager at James Investment Research, said the recent outperformance of small caps is "absolutely normal" given their underperformance earlier in the year.

The Russell 2000 Index rose 6.84, or 1.1%, to 644.03. The index's high this year is 644.95. The S&P SmallCap 600 Index rose 2.97, or 0.9%, to 336.31, just short of the all-time high of 336.51 reached earlier this year.

Some drug makers were active. Biotech company Vicuron Pharmaceuticals, of King of Prussia, Pa., surged 12.41, or 79%, to 28.21 after pharmaceutical titan Pfizer said it will buy the company for $29.10 a share, or about $1.9 billion.


Another sharp gainer was biotechnology company Momenta Pharmaceuticals, of Cambridge, Mass. The stock leaped 6.36, or 63%, to 16.50 after a court Wednesday ruled in favor of two generic drug makers that seek to market a generic version of Sanofi-Aventis's deep-vein thrombosis drug Lovenox. Though Momenta isn't among companies being sued by Sanofi-Aventis, it, too, is seeking regulatory approval of the generic drug. NPS Pharmaceuticals added 85 cents, or 8.1%, to 11.30, and Enzon Pharmaceuticals gained 71 cents, or 12%, to 6.78. But Advancis Pharmaceutical plunged 2.96, or 59%, to 2.03 after the Germantown, Md., company said a potential application for its Amoxicillin Pulsys products could be delayed for a year because the antibiotic failed to meet its primary endpoint in a Phase III trial.

Merrill has a price target of  $20 for smaller steel producer AK Steel

http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh94974_2005-05-27_14-22-10_n27534641_newsml

Looks like a double bottom formed it has moved outside
of it's down channel.Oversold good entry point.
Turning up,very safe investment mid-long term.
I am looking to get in tomorrow,I am going to set myself a short term target of
$12 to $14

http://stockcharts.com/def/servlet/SC.web?c=aks

Outperforming large-cap shares again, small stocks closed at their highest level in about three months and zeroed in on their 2005 highs.

Metals and mining stocks extended recent gains and were among the best-performing industry groups. Among small steelmakers, AK Steel Holding rose 29 cents, or 4%, to $7.52, and Cleveland-Cliffs rose 3.92, or 6.6%, to 63.22. Silver and gold miner Coeur d'Alene Mines rose 16 cents, or 4.5%, to 3.73, and platinum miner Stillwater Mining rose 24 cents, or 3%, to 8.14. (All trade on the New York Stock Exchange.)


Small software companies were among the worst performers. Agile Software fell 25 cents, or 3.8%, to 6.33 after Pacific Crest cut its rating to "sector perform" from "outperform." Websense fell 2.28, or 4%, to 52.83, and WatchGuard Technologies fell six cents, or 1.5%, to 3.90.

Barry James, portfolio manager at James Investment Research, said the recent outperformance of small caps is "absolutely normal" given their underperformance earlier in the year.

The Russell 2000 Index rose 6.84, or 1.1%, to 644.03. The index's high this year is 644.95. The S&P SmallCap 600 Index rose 2.97, or 0.9%, to 336.31, just short of the all-time high of 336.51 reached earlier this year.

Some drug makers were active. Biotech company Vicuron Pharmaceuticals, of King of Prussia, Pa., surged 12.41, or 79%, to 28.21 after pharmaceutical titan Pfizer said it will buy the company for $29.10 a share, or about $1.9 billion.


Another sharp gainer was biotechnology company Momenta Pharmaceuticals, of Cambridge, Mass. The stock leaped 6.36, or 63%, to 16.50 after a court Wednesday ruled in favor of two generic drug makers that seek to market a generic version of Sanofi-Aventis's deep-vein thrombosis drug Lovenox. Though Momenta isn't among companies being sued by Sanofi-Aventis, it, too, is seeking regulatory approval of the generic drug. NPS Pharmaceuticals added 85 cents, or 8.1%, to 11.30, and Enzon Pharmaceuticals gained 71 cents, or 12%, to 6.78. But Advancis Pharmaceutical plunged 2.96, or 59%, to 2.03 after the Germantown, Md., company said a potential application for its Amoxicillin Pulsys products could be delayed for a year because the antibiotic failed to meet its primary endpoint in a Phase III trial.

MIDDLETOWN, Ohio, June 16, 2005 /PRNewswire-FirstCall via COMTEX/ -- AK Steel (AKS, Trade) has advised its flat-rolled carbon steel customers that a $208 per ton surcharge will be added to invoices for products shipped in July 2005. AK Steel has also advised its electrical steel customers that a $200 per ton surcharge will be added to invoices for electrical steel products shipped in July 2005. July surcharges for the broad range of stainless steel products that AK Steel produces can be found on the company's web site at www.aksteel.com.

AK Steel's surcharges are based on reported prices for raw materials and energy used to manufacture the products, with the May 2005 purchase cost used to determine the July 2005 surcharges.

Headquartered in Middletown, AK Steel produces flat-rolled carbon, stainless and electrical steel products, as well as carbon and stainless tubular steel products, for automotive, appliance, construction and manufacturing markets.

SOURCE AK Steel

Media, Alan H. McCoy, Vice President, Government and Public Relations, 
+1-513-425-2826, or Investors, Albert E. Ferrara, Jr., Vice President, Finance & 
CFO, +1-513-425-2888, both of AK Steel 

http://www.prnewswire.com 

Copyright (C) 2005 PR Newswire. All rights reserved.

Double bottom confirmed? It leads me to a question: how much we can trust technical analysis..
Do you make trading decision mainly relying on TA? How many percentage you succeed and
how many percentage you fail on TA? i.e. how reliable is TA ?

AKS has major resistance in the 7.67 area.. I have bought this thing 3 times in the last 2 months at 7 and ridden it to the 7.60's.. If it can break through that and then 8 will signal a huge buy and the SHORT SQUEEE should really take it off to $10 fairly quickly and easy..

Almost 20% of the float was short as of last report and thats 4+ days to cover

Will be very interesting to see if it can break that resistance.. Hope so!

Nice info from Tirebldr and TRUNK, thanks !

The chart on AKS is beautiful ... I see that LSE (London Stock Exchange) is leading the NYSE, I don't know why, but it is (maybe because the British companies are perhaps even more multinational and present in Asia than US companies - India is a former UK colony and China has close ties with the UK from Hong Kong), and the Steel sector was the one rising the most on the LSE on the last 5 days.

Momentum is behind steel, hold on to it !