I wonder how many idiot shorts shorted today carelessly
CLassic mistake, idoit shorts don't understand accounting and impact to cashflow and noncash charges....make me sad for them small short investor who doesn't understand that price of iron ore are backwardated and future supply globally is challenged and we have 500million in cash coming from asset sales in q4
Look at the trading. Shorts are right today. Stock down big time $1.210 @ $35.97 . Company may cut the dividend. The management has been totally idiotic for the last year and should be FIRED ASAP...IMHO!!
You can talk about accounting and idiot shorts all you want but CLF, and every other coal, and steel stock continue to underperform the market. All are in multi year bear markets. Coal stocks are making lower highs and lower low and have been for the past 3 months. CLF will see the lower $30's before it sees $40 again.
dow up 10 out of 11 days, s&p up 6 days in a row, market probably going to see some profit taking real soon, maybe starting tomorrow or monday, if not today, market going parabolic, a sure sign the peak is near..think its waiting for the majority of earnings to come in first..dont know how this will effect clf, maybe it will head up when the market is heading down? could be