ACL

[asylum]

ANyone eyeing out ACl they have another price increase next month which may be priced in but no one knows how much the increase will be so dont know how much of that will be priced in, rumour has it it will be as much as 25% increase. Any view appreciated.

[#2]

Think it reached an extremely overbought region, mabye wait for this correction to end and then re-evaluate

[Picky]

18 percent 15 march , another 18 mid May, compounded by chronic stock shortages, merchants have been advised not to quote for longer than a week. brings a ytd increase of 37 percent before the new ones take effect. It is chaos since most quotes had the normal 30 days time limit. There is also the feeling that the big merchants are holding stock back to get optimum benefit. Ironic, the price of stainless has dropped by 10 percent