price targets are figured using the lowest estimates So don't short just because the stock is above the target.
mtl target Dec 08 121.20
the high target is 249
this is based on a 15 p/e which is the industrial avg. the stock is currently trading at 142 and a 21 p/e as for now i would stay away but if the story's good enough we could possibly see that 249 more likely to putter out at 171.9 though. not a bad pick for a coal play.
the targets are only as good as the method you use to play them check out the method i use to make profits with these targets.
copy and paste into address bar
http://options-opie.blogspot.com/
or
http://www.squidoo.com/lowbalpricetargets-protectiveput
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