GSI

[kslifka]

Wow

General Steel Holdings, Inc. Announces Preliminary Third Quarter Financial Results
Tuesday October 23, 9:00 am ET

BEIJING, Oct. 23 /Xinhua-PRNewswire-FirstCall/ -- General Steel Holdings, Inc. ("General Steel") (AMEX: GSI - News), one of China's leading non-state owned steel products producer; today announced preliminary third quarter financial results.

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Management expects to report third quarter revenues between $300 million and $340 million, representing an increase of approximately 539% to 624% from the third quarter of 2006. Additionally, management expects the corresponding net income to be between $7 million and $7.5 million, representing an increase of approximately 3793% to 4071% from the third quarter of 2006.

A conference call to supplement the upcoming earnings release will take place prior to November 15 and specific details will be forthcoming.

"We are very pleased with the Company's execution and financial results for the third quarter, which included a full 3 month contribution period from both the Long Men and Baotou Joint Ventures, and reflects our 100 percent ownership in Tianjin Daqiuzhuang. Additionally, we successfully integrated the Long Men management team into our organization which has been a seamless transition," said Mr. Henry Yu, CEO and Chairman of General Steel Holdings, Inc. "These results provide confidence in our ability to meet our previously stated revenue and net income guidance for 2007 of $751 million and $16.4 million respectively."

About General Steel Holdings, Inc.

General Steel Holdings, Inc., headquartered in Beijing, operates a diverse portfolio of Chinese steel companies. With 3 million tons aggregate production capacity, its companies serve various industries and produce a variety of steel products including reinforced bar (rebar), hot-rolled carbon and silicon sheet and spiral-weld pipe. The Company has steel operations in Shaanxi province (central China), Inner Mongolia autonomous region (northwest China) and Tianjin municipality (northeast China).

[nexta]

Thanks for that pick.
Here is detailed analyse http://www.seekingalpha.com/article/49583-the-long-case-for-general-steel-holdings

[kslifka]

GSI...may be coming to life.

Chinese stocks were really on fire today...even with the U.S. markets in the red.

We'll see if we can get a follow through with GSI.  Would like to see more volume....but I do like the chart set-up.

[422fwhp]

yes that does look nice...on the RADAR!

THanks...Jody

[kslifka]

GSI looking good in this horrendous market today.  Even with other Steel stocks down.  GSI closing in the green.

A close above $9 would bode well for next week. 

[BigSully1]

Very heavy volume last 2 days.

[422fwhp]

I'm very tempted to short here....for the short term...currently up almost 10%

opinions?

[wpSoft2008]

News:

Dutton Associates updates its coverage of General Steel Holdings (NYSE: GSI - News) with a Strong Speculative Buy rating and a price target of $10.80. The 12-page report by Dutton senior analyst Stanley Ng is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and other leading financial portals.

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Dutton is a paid advertiser. It promotes many small cap Chinese stocks previously. It first accumulates the shares then publishes its research report, then dumps the shares on the market.

It did so in SVA last October, ... many others.

That is the way they making money.

This is the stock you should buy it at around $6.00.

No good fundamentals.

Buy low sell high:

This stock has been in 6-9 range for months. Each trade can make 50% gain. Three trade, you can make over 200%.

[BigSully1]

look at GSI lately?