Nymet Holdings Inc. (NYMH)

 

Company: Nymet Holdings  Inc. (NYMH)

Website: http://www.nymetusa.com

NYMH has been on our radar all month and after making a spectacular run from $0.07 to as high as $0.29 for a massive gain of 314% in just one week we have been waiting for the perfect dip to play it as a major bounce play. Our timing could be perfect! NYMH closed strong yesterday to $0.19 after hitting a low of $0.14 from profit taking at the high of $0.29. NYMH just announced breaking news this morning pre-market that I think could spark it up again very quickly sending it back into the high $0.20's or higher.

Add NYMH to your radar right now and start your research!

NYMH announced this morning the receipt of a Purchase Order for ferrous scrap metal from the C.A. Reed Saw Mill Demolition and Recovery Project with steel processing giant, Bayou Steel Incorporated. The Purchase Order calls for the sale of 1,000 gross tons of steel to be delivered to the Bayou Steel, LaPlace facility over the next several weeks. The total 1,000 gross tons of material will start being delivered this week and represents only a fraction of the overall $2,000,000 in gross sales anticipated from the C.A. Reed Saw Mill Demolition and Recovery Project. Here's a link to the breaking news- http://finance.yahoo.com/news/NYMET-Holdings-Inc-NYMH-iw-2971388752.html?x=0&.v=1

Just so you know, Boyou Steel Inc was acquired by ArcelorMittal in June 2008 for US$475 million! ArcelorMittal is the world's number one steel company, present in more than 60 countries. They have led the consolidation of the world steel industry and today rank as a TOP GLOBAL steel maker! Their industrial presence in Europe, Asia, Africa and America gives NYMH exposure to all the key steel markets, from emerging to mature. ArcelorMittal key financials for 2008 show revenue of $124.9 billion and crude steel production of 103.3 million tonnes, representing approximately 10% of world steel output.

The technicals for NYMH are screaming B-U-Y on barchart.com! Check it out-

Also, NYMH is in a very strong sector that I think is set to grow consistently year over year. Did you know that out of the very few things that we do export in this country steel and scrap metal happens to be at the top of the list? The current global demand within the steel production alone is estimated to increase by 10% as demand for scrap metal particularly within India has increased 40% over the last two years! From my understanding, NYMH is positioned perfectly to capitalize from this growing market!

Keep a close eye on NYMH for more upside in the near future! We could see a breakout in NYMH as soon as today from the recent breaking news so act fast!

More Updates To Come ...

 

If you have any questions or comments please give us a call during market hours at    1-888-925-8247. Don't forget to help spread the word!

MORE UPDATES TO COME...

 

If you have any questions feel free to email me or call us at

1-888-9-Club Grand -or- staff@wallstreetgrand.com