OLYMPIC STEEL INC (NASDAQ:ZEUS), Down By 12.25% ($3.14) From $25.640 After BUYINS.NET Report Predicted Weakness After Earnings
August 5, 2011 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a provider of unique trading technologies, released a report on Wednesday, August 3rd 2011 stating that OLYMPIC STEEL INC (NASDAQ:ZEUS) was expected to be Down After its earnings release. Click here to view the BUYINS.NET report: http://www.buyins.net/releases/?sym=zeus&id=182483
At the time this story was written, OLYMPIC STEEL INC (NASDAQ:ZEUS) is Down By 12.25% ($3.14) From $25.640 since the BUYINS.NET report was released.
The movement of stock prices in the days and weeks leading to and following earnings announcements may follow a predictable pattern. Most companies stock price histories show random or unpredictable movements around earnings dates. But some seem to repeat the same pattern quarter after quarter, year after year. The specific technology used to make these predictions is available for a low monthly fee at http://www.squeezetrigger.com/services/strat/mh.php
OLYMPIC STEEL INC (NASDAQ:ZEUS) - Olympic Steel, Inc. engages in the processing and distribution of processed carbon, coated, aluminum and stainless flat-rolled sheet, and coil and plate steel products in the United States. It offers various processing services, including cutting-to-length, slitting, and shearing; and higher value-added processes of blanking, tempering, plate burning, precision machining, welding, fabricating, and painting of steel parts. The company serves customers in carbon steel consuming industries, including manufacturers and fabricators of transportation and material handling equipment, construction and farm machinery, storage tanks, environmental and energy generation equipment, automobiles, food service and electrical equipment, and military vehicles and equipment, as well as general and plate fabricators, and steel service centers. Olympic Steel, Inc. was founded in 1954 and is headquartered in Bedford Heights, Ohio.
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BUYINS.NET, www.buyins.net , monitors trading in all US stocks in real time and maintains massive databases of short sale and naked short sale time and sales data, short squeeze SqueezeTrigger prices, market-maker price movements, shareholder data, statistical data on earnings, sector correlation, seasonality, hedge fund trading strategies, comparable valuations. Reports include:
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RegSHO Naked Shorts -- tracks EVERY failure to deliver in all US stocks and all Threshold Security Lists daily for which stocks have naked short positions.
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SqueezeTrigger -- 28 billion cell database tracks EVERY short sale (not just total short interest) in all US stocks and calculates volume weighted price that a short squeeze will begin in each stock.
Earnings Edge -- predicts probability, price move and length of move before and after all US stock earnings reports.
Seasonality -- predicts probability, price move and length of move based on exact time of year for all US stocks.
Group Trader -- tracks sector rotation and stock correlation to its sector and predicts future moves in ALL sectors and industry groups.
Pattern Scan -- automates tracking of every technical pattern and predicts next move in stocks.
GATS -- tracks and quantifies known trading strategies.
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