3SOF

Volume: 5,781,600
Avg Vol (3m): 3,439,180

Technicals
Record Price High
Record Price Break Out
Percentage Gainer

Last Price Quote is:
8.30%above 13-day EMA
25.23%above 50-day EMA
RS Rating: 97 

Fundamentals
Key Data:
Market Cap (M): $1,475.20 
P/E Ratio: 8.10 
PEG Ratio: 0.795 
Next Earnings: 04/25/2006
Last Analyst Rating: Sell

WPSC is ON FIRE this morning! (Well so is AKS but less hot.  )

I made the call around yesterday afternoon when WPSC was flirting with the uptrend slope and making a potential intraday reversal at $18. Check out my post.

Up over 6% in less than a day... not bad at all... 

I think there's still much space for WPSC to move up so get on the boat before it goes 20+...

This Double Bottom had a very nice play to it.

Technicals
Record Price High
Percentage Gainer

Last Price Quote is:
6.10%above 13-day EMA
21.12%above 50-day EMA
RS Rating: 97 

Fundamentals
Key Data:
Market Cap (M): $1,545.60 
P/E Ratio: 8.10 
PEG Ratio: 0.775 
Next Earnings: 04/25/2006
Last Analyst Rating: Sell

Go with the flow and make some dough...... Breakout.....

Volume: 5,890,100
Avg Vol (3m): 3,478,840

Technicals
Record Price High
Gap Up
Percentage Gainer

Last Price Quote is:
11.47%above 13-day EMA
27.31%above 50-day EMA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $1,545.60 
P/E Ratio: 8.10 
PEG Ratio: 0.795 
Next Earnings: 04/25/2006
Last Analyst Rating: Sell

Move north off a 50% Fibonacci retracement.
Looking more like consolidation after some profit taking.

Volume: 5,087,600
Avg Vol (3m): 2,878,170

Technicals
Percentage Gainer

Last Price Quote is:
4.32%above 13-day EMA
-1.13%below 50-day EMA
RS Rating: 90 

Fundamentals
Key Data:
Market Cap (M): $1,377.37 
P/E Ratio: 8.10 
PEG Ratio: 0.675 
Next Earnings: 07/25/2006
Last Analyst Rating: Sell

AP
Sector Snap: Steel Makers
Thursday October 5, 2:39 pm ET 
Steel Sector Shares Rally Following Latest Merger News, Bullish Note on U.S. Steel


NEW YORK (AP) -- Steel sector shares climbed Thursday, a day after India's Tata Steel confirmed it is contemplating a $10.6 billion bid for steel maker Corus Group PLC -- the latest potential major combination in a consolidating industry.


Elsewhere, Bank of America analyst Kuni M. Chen recommended investors add to United States Steel Corp. positions. The analyst expects sequential improvements across all the company's businesses.

Chen maintained a "Buy" rating on the stock. Shares of U.S. Steel gained $3.31, or 5.9 percent, to $59.26 at midday on the New York Stock Exchange.

Earlier, Mumbai-based Tata said in a statement that it "is evaluating various opportunities including Corus," the Anglo-Dutch steel maker based in London. Some analysts argue that further consolidation will give the industry more pricing power and increased economies of scale.

A combined Tata-Corus entity would have an annual steel production of 25 million tons, making it the world's fifth or sixth largest steel producer, according to a recent JPMorgan Chase & Co. report based on 2005 figures.

On the New York Stock Exchange, steel maker shares rallied.

AK Steel Holding Corp. shares rose 76 cents, or 6.3 percent, to $12.79. Nucor Corp. shares advanced $2.67, or 5.5 percent, to $51.42, while shares of Reliance Steel & Aluminum Co. shares added $1.62, or 5.2 percent, to $32.78 in midday trading.

Breakout......
Symmetrical Triangle (Continuation) Pattern

52wk Range: 6.28 - 15.95
Volume: 2,449,900
Avg Vol (3m): 2,181,530

Technicals
MACD - Bullish

Last Price Quote is:
6.80%above 13-day MA
6.25%above 50-day MA
RS Rating: 30 

Fundamentals
Key Data:
Market Cap (M): $1,330.66 
P/E Ratio: 8.10 
PEG Ratio: 0.615 
Next Earnings: 10/24/2006
Last Analyst Rating: Sell

• Steel stocks rise again, with U.S. Steel outpacing peers


AP
Sector Wrap: U.S. Steel Up on Report
Monday October 16, 4:54 pm ET 
Shares of Steel Companies Close Higher on Takeover Speculation, Driven by U.S. Steel


NEW YORK (AP) -- Steel stocks continued last week's rally as takeover speculation circled again, this time around Pittsburgh-based United States Steel Corp.
Barron's magazine reported in this week's edition that consolidation trends in the steel industry highlight U.S. Steel Corp. as an enticing prospect for an acquisition.

ADVERTISEMENT



Shares of U.S. Steel have climbed 10 percent since Oct. 3 due to takeover speculation, the article said, tugged along in part by Tata Steel's recent interest in buying London-based steel producer Corus Group PLC. Tata Steel is part of the Indian conglomerate Tata Group.

Earlier in the year, in a highly publicized battle, Mittal Steel Co. NV won its takeover bid for Arcelor SA in a deal that will create a titan controlling close to 10 percent of the world's steel production.

Also boosting steel maker stocks were positive comments from Wall Street analysts about upcoming earnings reports. CIBC World Markets analyst Michael Willemse listed U.S. Steel as one of the companies likely to beat estimates by a fair margin.

U.S. Steel shares rose $2.50, or 3.8 percent, to close at $67.94 on the NYSE Monday.

Reliance Steel & Aluminum Co. rose 75 cents, or 2.2 percent, to close at $35.52, while AK Steel Holding Corp. added 44 cents, or 3 percent, to $15.11, and IPSCO Inc. shares climbed $1.08 to close at $90.93.

Oregon Steel Mills Inc. shares added $1.31, or 2.4 percent, to $55.15, also on the Big Board, while Steel Dynamics Inc. added 82 cents to close at $58.26 on the Nasdaq.

Volume is very encouraging.....  

52wk Range: 6.53 - 15.95

Volume: 2,702,500
Avg Vol (3m): 2,238,540

Technicals
Percentage Gainer

Last Price Quote is:
13.49%above 13-day MA
19.05%above 50-day MA
RS Rating: 76 

Fundamentals
Earnings Expected on Oct 24

Key Data:
Market Cap (M): $1,330.66 
P/E Ratio: 8.10 
PEG Ratio: 0.615 
Next Earnings: 10/24/2006
Last Analyst Rating: Sell

AP
AK Steel Reports 3Q Profit
Tuesday October 24, 4:57 pm ET
By Terry Kinney, Associated Press Writer 
AK Steel Reports 3Q Profit Despite Lockout


CINCINNATI (AP) -- AK Steel Holding Corp. said on Tuesday that it swung to a profit in the third quarter, helped by higher prices that offset a decline in shipments as the steelmaker operates its Middletown Works with replacement workers.


But company officials warned that higher costs for energy and raw materials in the fourth quarter, along with planned maintenance outages, could erode profits.

AK Steel reported earnings of $26 million, or 23 cents a share, for the quarter ended Sept. 30 compared with a loss of $29 million, or 26 cents a share, a year ago. Sales were $1.55 billion compared with $1.39 billion a year ago.

Results included a charge of $15.8 million for implementing new labor agreements at the company's Zanesville, Ohio, and Butler, Pa., operations, and a $3 million reduction in the value of a deferred tax asset due primarily to a change in Pennsylvania tax law.

Excluding these items, earnings would have been $39.7 million, or 36 cents a share. Analysts surveyed by Thomson Financial expected 34 cents a share.

"In a defining year, AK Steel's most recent operating and financial results continued a steady upward trend," chairman and CEO James Wainscott said in a statement. "Although we recently have seen some slowing in a few of our key carbon steel markets, we anticipate continued strong demand during the fourth quarter for our stainless and electrical products."

Operating profit was $36 a ton in the third quarter but is expected to fall to $30 to $35 in the fourth quarter, the company said.

AK locked out hourly production and maintenance workers at its Middletown Works when their contract expired Feb. 28. Union members have rejected both contract offers submitted for a vote, in September and again last week.

Industry analyst Charles Bradford of Bradford Research/Soleil Securities in New York, said AK continues to be the subject of takeover rumors and would become more attractive if it resolves its labor issues.

"The industry is consolidating, and they are subject to takeover because they are relatively small and flexible," Bradford said.

Wainscott told analysts on a conference call that AK would continue operating with replacements as long as necessary, but would prefer to reach accord with its union members.

"We are all about improving our competitiveness," he said. "If in the process of doing that it makes us more attractive, so be it; but we are not actively marketing AK Steel."

For the first nine months of 2006, AK reported net income of $63.1 million, or 55 cents a share, compared with $39.2 million, or 35 cents a share. Sales were $4.49 billion, compared with $4.27 billion.

Last year's results were hurt by Gulf Coast hurricanes, about $7 million in one-time costs from a new labor agreement at AK's Ashland, Ky., Works and a $29.5 million charge for scheduled maintenance outages at Middletown and Ashland. The company also paid more for steel and scrap, other raw materials, and natural gas, primarily because of production disruptions following Hurricanes Katrina and Rita.

AK shares rose 56 cents, or 3.7 percent, to close at $15.56 on the New York Stock Exchange, near its 52-week high of $15.95. The company's stock has traded as low as $6.73 in the past year.

AK Steel makes flat-rolled carbon steel, and stainless and electrical steel used in cars and appliances. Its biggest mill and headquarters are in Middletown, about 30 miles north of Cincinnati, with smaller plants in Zanesville, Mansfield and Coshocton, Ohio; Ashland, Ky.; Rockport, Ind.; and Butler, Pa.

AK Steel: http://www.aksteel.com

Watch er close.........

Support @ $15.47...15.24...14.11
Resistance @ $16.00

Recent CandleStick Analysis
Bearish
Oct-20-2006 Bearish Engulfing 

52wk Range: 6.73 - 15.95
Volume: 4,762,400
Avg Vol (3m): 2,196,350

Technicals
Last Price Quote is:
8.48%above 13-day MA
16.85%above 50-day MA
RS Rating: 88 

Fundamentals
Reports Earnings
Earnings Expected on Oct 24

Key Data:
Market Cap (M): $1,330.66 
P/E Ratio: 8.10 
PEG Ratio: 0.615 
Next Earnings: 01/23/2007
Last Analyst Rating: Sell

"AKS" Threads have been Merged.
One (1) of these threads had to be moved from the Penny Stock Picking Board.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.         
All history on a stock pick in 1 thread is awesome.        

Thank You....and good luck with all your trades....make some $$$


I will leave you the chart while I'm in this thread

AP
Steel Prices Slipping
Monday December 4, 3:06 pm ET
By Christopher Scinta, Dow Jones Newswires 
Steel Prices Slip, but Inventory Glut Seen Short-Lived


NEW YORK (AP) -- Steel prices are continuing to slide from summer highs and the weakness appears to be spreading to niche markets like pipes and beams, which were largely unhurt before.
Imports, particularly from China and Russia, have persisted at high levels -- about 3.5 million tons in October. That, coupled with struggling auto makers cutting production and the slowdown in the housing market, has kept U.S. inventories up at about 3.6 months of supply at steel wholesalers and processors called steel service centers.


Various steel makers have said they expect weakness in the fourth quarter as service centers work through those inventories. Last week, West Virginia's Wheeling-Pittsburgh Corp. warned its fourth-quarter results would be below its prior outlook due to lower prices and shipments and higher costs.

The average spot market price of hot-rolled steel sheet fell to around $565 a ton in November from about $600 a ton in October and around $630 a ton this summer. Prices for more specialized products like galvanized steel and structural beams have fallen, too, in November compared with October, according to Purchasing Magazine.

"More steel goes on sale when the economy is weaker," said independent steel analyst Michelle Applebaum, who thinks some producers are selling hot-rolled sheet for less than $500 a ton. Steel prices are more difficult to pinpoint than those for other metals like aluminum and copper, which are priced on an exchange.

Despite the declining prices for their products, steel maker shares have been on a run as speculation of more consolidation in the globally fragmented industry continues to drive shares.

In afternoon trading on the New York Stock Exchange, Pittsburgh-based U.S. Steel Corp. shares rose $23.58, or 3.5 percent, to $75.58.

Charlotte, N.C.-based Nucor Corp. was up $5.07, or 8.6 percent Monday to $63.70 after setting a new 52-week high of $64.23.

Middletown, Ohio-based AK Steel Holding Corp. was up 45 cents, or 2.8 percent, at $16.47, after setting a 52-week high of $16.59 passing the $16.55 set Nov. 30.

Mary O'Connor, of industry consulting firm Locker Associates, said smaller producers that sell largely on the spot market -- such as Canada's Algoma Steel Inc. -- are suffering the most in the current environment.

An Algoma representative wasn't immediately available for comment.

Larger players who sell mostly through long-term contracts are still holding up well enough right now, but the troubles could filter up, O'Connor said, particularly as they negotiate next year's contracts.

As concerns about a cooling economy have cropped up in recent months, many steel makers have cited long-term contracts as protection against price declines. Yet, if those contracts are renewed during a period of low prices, they could keep companies from seeing revenue rise when steel demand and prices recover.

Some of the largest integrated U.S. steel makers -- like Arcelor Mittal USA and U.S. Steel -- have curtailed production by taking extended maintenance outages or idling furnaces outright in an effort to counter the inventory glut and support prices.

Mittal didn't return a call seeking comment. U.S. Steel declined to comment.

The inventory glut won't likely last long.

"It's astonishing how quickly they've cut production," Applebaum said of U.S. steel makers.

Monica Bonar, steel analyst with Fitch Ratings, said she expects the inventory overhang in the United States and Europe to be worked off "within next six months or so" and that the industry still has a reasonably good credit outlook with strong commercial construction offsetting reduced auto builders demand.

Applebaum expects it to be even shorter, with the inventory issue largely resolved by February.

Lowered production will result in higher costs per ton for U.S. steel makers, meaning earnings "certainly won't be as robust" as they have been, Bonar said.

Producers such as Nucor and Steel Dynamics Inc., which make steel from scrap in smaller electric arc furnaces, are meanwhile seeing the price of their key raw material fall, as steel scrap prices decline along with finished steel.

Steel prices are likely to become more accessible in the not-to-distant future, as both New York Mercantile Exchange and the London Metal Exchange are planning to offer steel futures contracts.

Today's closing chart....

52wk Range: 7.53 - 17.00
Volume: 3,472,400
Avg Vol (3m): 2,205,870
Market Cap: 1.84B

Technicals
Record Price High

Last Price Quote is:
5.82%above 13-day MA
13.37%above 50-day MA
RS Rating: 92

Fundamentals
Key Data:
Market Cap (M): $1,330.66 
P/E Ratio: 8.10 
PEG Ratio: 0.615 
Next Earnings: 01/23/2007
Last Analyst Rating: Sell

Press Release Source: AK Steel


AK Steel Announces Fourth Quarter and Full-Year 2006 Earnings Date
Thursday December 21, 4:33 pm ET


MIDDLETOWN, Ohio, Dec. 21 /PRNewswire-FirstCall/ -- AK Steel (NYSE: AKS - News) said today it plans to release fourth quarter and full-year 2006 earnings results at approximately 8:30 a.m. Eastern Time on Tuesday, January 23, 2007.


In conjunction with its earnings release, AK Steel will provide live listening access on the Internet to its analyst conference call to be held at 11:00 a.m. Eastern Time on January 23, 2007. Access to the webcast will be available from the home page of the company's Web site at www.aksteel.com. The webcast will be archived on the company's Web site following the call until January 30, 2007 and will be accessible from the home page.

Headquartered in Middletown, Ohio, 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


Bouncing off the 50-day MA......

52wk Range: 7.58 - 17.14
Volume: 1,207,500
Avg Vol (3m): 2,237,130

Technicals
Percentage Gainer

Last Price Quote is:
1.89%above 13-day MA
6.13%above 50-day MA
RS Rating: 90 

Fundamentals
Key Data:
Market Cap (M): $1,330.66 
P/E Ratio: 8.10 
PEG Ratio: 0.615 
Next Earnings: 01/23/2007
Last Analyst Rating: Sell

Below are the 6 month and 1 year charts.....