Stock price when the opinion was issued
This is very whippy, and he wouldn’t want you to be overly focused and concentrated in such an idiosyncratic name. Steel names are not his favourite. The chart indicates it has been very challenged. Fundamentally, they have had some earnings misses and are more often missing then they are hitting. There are much greener pastures elsewhere.
Following the gap a number of weeks ago, this continued to decline, which is not what you want to see. The chart has shown a head and shoulders pattern. This is the type of thing that he tries to avoid.