Go ahead hot shot. Let's see you hold them. This thing goes up $ 1.00 you will cover so quick it won't be funny. These shorts all talk #$%$ but are scared little traders. I have all the time in the world to wait for this to bounce back. My covered calls are just a bonus !!!
Why would anyone who is short CLF care if it goes up $1 or 2. This stock has dropped $75 in less then 2 years. Show me the rebound in steel or coal stocks. You can't because it isn't there. These stocks are all falling in lockstep. CLF management just told you what they think the company is currently worth, $29 a share and it's apparent that investors don't agree. Any rebound in this stock will be sold. Anyone interested in holding CLF longer term will have plenty of time to buy and at a lower price.