Saturday, November 21st, 2009

Russian Steel Company to Rise 30%!

Jun 3rd, 2008 | By Sara Nunnally | Category: Gold Market

Last Thursday, Mechel OAO (MTL:NYSE) announced record results for 2007.

Mechel OAO (MTL:NYSE)

Here’s a snapshot:

  • Revenues increased 52.0% to US$6.7 billion
  • Operating income increased 92.59% to US$1.4 billion
  • Net income increased 51.4% to US$913.1 million

Now, a massive breakout is imminent. MTL could rise as high as $70.52 in the next four weeks. That’s a 30% gain for this Russian steel company!

If you decide to play MTL, pay close attention to the $51.79 level. That’s your tripwire. If MTL drops below that level, cut and run!

Until then, that 30% climb could be just the beginning…

S.R. Nunnally

Editor, Taipan Trader

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Source: Russian Steel Company to Rise 30%!


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Navellier and Mechel — Cautionary Tale
Blain’s Nightly Stock Picks, April 21 2008
Mechel – Huge Upside, But Not for the Faint of Heart
Read more on Steel, Mechel Steel Group OAO at Wikinvest
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By Sara Nunnally

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About the Author

Sara NunnallyAs Editor of the investment advisory service Taipan Insider and Taipan's Emerging Market Blog, Sara Nunnally brings a fresh perspective and an exciting approach to the world of international investing. Traveling to such countries as Vietnam, Morocco and Spain, Sara investigates for you the secret world of emerging and frontier markets that are ready to explode in profits.

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Taipan Daily is your free resource for late-breaking investment opportunities to help you beat Wall Street to the profits. Filled with investment analysis and insight from every sector. Taipan Daily delivers just the right blend of safe opportunities with the fast-moving plays, so you have an insider's edge over Wall Street and other investors.

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