remember how gs sold cms's to there clients and than turned around and shorted those same collateralized mortgage securities? same with clf. gs tells there clients and others to short and than gs goes long on the reduced price with shares/calls and cleans up. wake up #$%$.
December 12, Chinese new leaders will have a meeting about the direction of its economy. It is reported that likely the theme will be cautious expansion. If it turns out to be true, CLF should have a good run up.
Unfortunately, larger key players know or estimate the same ideology.
They will try their best presently to short and hammer CLF down to the very bottom only to buy cheaper and force a gap up on positive news. Rather easy and frequently done in the past on CLF. They command/borrow millions of shares both short and long, literally walk down the price by controlling the float with HFT.
I expect ugly for SP but there is opportunity, especially for long investors, with a longer time frame horizon, patience.