Sat, Dec 27, 2014, 10:52 PM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Cliffs Natural Resources Inc. Message Board

  • moneynow27 moneynow27 Feb 4, 2013 11:11 AM Flag

    Why is this up?

    This is actually funny. Iron ore headed down, they have a huge write off against last quarter, and nothing has changed.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • ....IO prices out of China are still around 150/mt.....with respect to CLF.....has been channeling between 35 and 40 for the last 45 days...play the channel and make money...."the trend is your friend!"

      happy hunting!

      Sentiment: Buy

      • 1 Reply to divine_wizdom
      • Technically speaking the channel is broken and that was a descending triangle that got broken on Friday.

        In terms of why its up today is because ACI reports. Its a metallurgic coal company and this will effect CLF. Usually, when you see a nice sell off prior to earnings, such as AMZN, you could possibly get a pop in the other direction, because its so oversold. I think were seeing this here and could see a major pop in CLF tomorrow into Thursday. At that point, they will probably bring it back to 40 to expire all the options worthless.

        Im looking for a nice pop tomorrow and into Wednesday. Should still get some buying hopefully off of a short squeeze into Thursday and looking for a possible 43 sell price here on this one.

        Good luck to all. Things could always change if ACI just reports horrible.

    • so stay short and keep selling it short

      Sentiment: Buy

 
CLF
6.31+0.25(+4.13%)Dec 26 4:04 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Rice Energy Inc.
NYSEFri, Dec 26, 2014 4:02 PM EST
Virgin America Inc.
NASDAQFri, Dec 26, 2014 4:00 PM EST