Salzgitter (SZG, DE0006202005) short

Home Forums Stocks European (in particular German) Stocks Salzgitter (SZG, DE0006202005) short

This topic contains 0 replies, has 1 voice, and was last updated by  Vasily Nekrasov 3 months ago.

Viewing 1 post (of 1 total)
  • Author
    Posts
  • #3075

    Vasily Nekrasov
    Participant

    Salzgitter ist the second largest German metal company, specializing on pipes: from huge for natgas pipelines to finely polished for diesel engines.
    Gas pipelines got a strong competitor: LNG tankers.
    Diesel (esp. in Germany) is also in danger: e.g. they want to prohibit it in Stuttgart.
    Still the stock grew intensively. But today it started to fall. And will likely continue.

    Interestingly, that today the main news was a suspect of cartel agreement between leading German automotive companies. But Salzgitter stock fell with a delay, facilitating me a perfect timing to go short.

Viewing 1 post (of 1 total)

You must be logged in to reply to this topic.