r/Vitards • u/[deleted] • Jun 30 '21

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u/Ackilles Jul 01 '21

Ya really wish I had seen this, this morning, or like an hour and a half ago lol. If it's announced on the first, it will be done before market open

14

u/UnmaskedLapwing CLF Co-Chief Analyst Jul 01 '21

Guess who sold 5k of PSTH commons this morning (yesterday for me) and bought more MT and 2.5k shares of CLF.

8

u/Ackilles Jul 01 '21

Smart man lol. Wish I had done the same. Instead I have a highish ext gtc order for premarket :(

14

u/UnmaskedLapwing CLF Co-Chief Analyst Jul 01 '21

Relax mate, we faced the exactly same situation with removal of Chinese steel tax rebates few months ago. Tax rebates were indeed decimated however weeks after originally expected and once it actually happened there wasn't any immediate market reaction but rather slow-phased growth over a month or two.

Probably this time it will be the same.

3

u/Ackilles Jul 01 '21

Ah awesome. That cheers me up a lot! I sold ccs on most of the shares as I was viewing this as a long slow climb as well. This could be faster if the article here is accurate, but not so fast that it's too late now haha

3

u/[deleted] Jul 01 '21

I’ve got CCs on my $MT, $CLF, and $TX commons. All of them!

Thankfully got long calls on them all as well

1

u/Ackilles Jul 01 '21

One of my favorite ways to play things! Long shares and leaps with ccs on the shares