I am to a certain extent talking my book here, as I hold US Steel at various prices between my initial purchase price of $42 odd, and my last purchase price of $18.21. Currently, my holdings, are down 35%. While I am not exactly joyful at this, neither am I overly concerned. I will trade my position, and I will turn this into a profitable position. It may take a little while I grant you, but it will happen. Generally US Steel is a pretty volatile stock, it has been pretty quiet as of late, but, that mat be changing.
Divergence. If there is any technical indicator that I love to trade, this is it. Divergences tend to turn out really well. I will be in this stock a while, but, I’m looking for a run to start my climb out of the basement.