Just done some more research on iron ore: 2013, Iron Ore price to average 125/metric ton
This stock is a bit of a gamble if that's the case. I'm neither long or short on CLF. I'm just taking the profit I gained during the past few days and leaving this place. CLF is not for the faint of heart and is unpredictable--it's more of a trading stock. I'm looking to invest elsewhere. If Iron Ore does hoover in the 150s/metric ton in the next 6 months and I lose out, then it is my lost. But this is not a long term investment stock at all.