Tried to tell these idiots on this bored CLF will not see 30..
look at a chart for god's sake. draw a line from the recent bottoms, they lead to the low 30's. draw a line from the recent tops it goes to the mid 50's!!! where are you coming up with 20's? Fundamentals look awful? are we looking at the same stock? CLF right? payout is less than 20%!!!! they just doubled the dividend 2 quarters ago!!!!!! Debt/Equity of .63!!!!! eps of 3.62!!!! its one of the cheapest stocks in the sector. the beta is 2.57 its suppose to have big swings. you are referring to current prices of ore that the chinese can decide at anytime to change. you are living in the shortterm and not seeing the longterm picture. turn off the media and look at a stock objectively.
what are you talking about the chart on a one year basis has a channel and is headed down and not triangular to any price and unless you are reading it backwards 50 is not in sight. are you looking at a specific 15 minute chart or do you need glasses??