$X X STEEL GETS THE ATTENTION OF THEY BULLS WITH 11% GAIN

Much needed relief was felt today by the board and investors in X Steel after a dismal 12 months. Yesterdays earnings produced a surprise in both earnings and revenue thus creating the pop in the stocks price, volume is quite good today also but the stock has a high short interest. Next week will tell us if this provides a opportunity to long on continuation from today's action. No need to rush in, plenty of upside remaining. Company is still trading at a very low 2.3 P/E ration.

Company Description
United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following business segments: Flat-Rolled Products, U.S. Steel Europe, and Tubular Products. The Flat-Rolled Products segment includes managing steel plants and production facilities that manufactures steel slabs, rounds, strip mill plates, sheets, tin mill, iron ore, and coke. The U.S. Steel Europe segment offers producing and marketing strip mill plates, spiral welded pipe, heating radiators, refractory ceramic materials. The Tubular Products segment involves in manufacturing and trading seamless and electric resistance welded steel casing and tubing. line pipe, and mechanical tubing.