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Cliffs Natural Resources Inc. Message Board

  • peterly81 peterly81 Oct 17, 2012 11:47 PM Flag

    should i buy at these prices?

    I was in clf at 38, and sold at 41. i want to get back in, cause i miss the big run , should i wait for it to move lower or i should i jump in and hope and pray it moves back in to the 50s? feedback would be nice.

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    • Just look at the options. Price going higher. Also dividend coming soon. You may want to sell covered options on shares you have for additional profit. Or, consider buying options rather than the stock. After election the economy will improve with new Congress. I sold covered options above the money and doing well. Good luck. SHORTS will cover before dividend date and stock
      Will go higher IMHO. DD.

      Sentiment: Strong Buy

    • I was thinking the same thing, but when I feel this way and jump back in I get squashed and it goes down and I end up holding for days - weeks - months. Especially when there is so many bullish individuals it seems like that is when it bites me because I start feeling good too.

      I also sold too early at 43.20 when it came back down and took my stop out at the end of the da, actually a little prior to the end of the day.

      I am thinking of playing this stock to the downside at this price. Just because I think earnings will disappoint, coal prices are not up to the mark that CLF had quoted their future earnings to be at. So, high probability that earnings will not be good. Coal has been taking a beating and CLF has not had a good recent history of reporting good earnings, so odds are against CLF right now.

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