i am long. bought in the low $29's. we all need to be realistic. i''d rather have a $2K loss then $20K.
rl had a good post prior: last time the s&p and i/o were where they are CLF was $100! what's changed? she's become a very high cost producer in a lower cost market.
remember Gimballs, Alexanders, Hermans, Caldors, ect. all went bye bye once Walmart / Costco got up and running. same story different sector.