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Cliffs Natural Resources Inc. Message Board

  • chadloy608 chadloy608 Aug 31, 2012 8:43 AM Flag

    Tried to tell these idiots on this bored CLF will not see 30..

    You can take a horse to the water but you can't make em drink.. Lol have fun shorts!!

    Sentiment: Strong Buy

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    • sooner or later several things will happen, you don't have to look very far back in history to realize that this was at $9 and they were losing money and selling way below book value. At that time their costs on IO were a lot less than now and the price of IO was tremendously less than now. So costs have gone up exponentially. If IO prices continue downward or stay at this depressed level and they will if Obama is reelected then this will bleed red ink, the dividend will be cut and this will go sub 20. NOw there are a lot of IFS in there, the biggest is Obama being reelected, the rest will only be avoided if Our next president turns the economies of the US and subsequently the world in short order then even with red ink the market will look to the future and keep this from going down that far. You may disagree and that is fine but don't ignore this.the risks are too high and if I am right you could buy twice as much as now. Although personally I am 1/2 cash right now and waiting for clarification on election outcome to either go all cash or all in in other stocks that have more potential but this will have its turn again but patience will be rewarded more than early birds.

    • dont crow too early day is long and now it is red, it amazes me how a small insignificant rally brings out the demonization of good DD by shorts, then you see the continued bear trap snapping shut on their lips

 
CLF
5.42+0.31(+6.07%)Jun 2 4:02 PMEDT