Does anyone own any shares below the current trading price?????
I mean it's been years since this has seen these prices. Unless people are long from 5 years ago. Who in their right mond would even consider selling unless it's for a loss. Don't get it. I bought in today at 28.25 but my god. It was 37 bucks a week ago. Way oversold and too many panicking investors. My guess there is a huge upswing in the short positions and the shorts are pounding it down more. Any signs of a move upward should finally get the shorts out.
and when it hits 20 you will panic and sell if you last that long, How can anyone in their right mind buy this when there are so many good stocks with great fundamentals, One of the reasons it is called a cyclical is because it goes up and down in cycles and it hasn't finished this down cycle yet, wait and buy when fundamentals change and cycle changes and you don't have to get in at bottom or try and guess when it will be What should have been obvious was to get out in the 90s and staying out.
Red Beard (flbeard6734) is a shorty trying to feather his own nest. Knowmaas, I am with you! I doubled down yesterday in some retirement accounts. I am not interested in this as a trade, I am interested in it as a L-T opportunity. CLF has been around since 1847, they aren't going anywhere.