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Cliffs Natural Resources Inc. Message Board

  • parkavetraffic parkavetraffic Mar 4, 2013 1:05 PM Flag

    Blood in the street?

    Is this a great buy oppurtunity that sometimes comes along due to group-think or is the bottom really about to drop out? Hard to believe how far and fast this stock has fallen. What to do? Bail with loss or hold nose and double-down....

    Sentiment: Hold

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    • look at a two year chart and ask yourself what made you invest in this stock? by that I mean what fundamentals that were improving, if it was a wild #$%$ guess then you deserve your loss and hopefully will learn why not to do it again, it took me 30 years to figure that out. There is not one single reason based on fundamentals to buy this stock today, this month and maybe this year. IMO take your loss and invest wisely based on past performance, guidance and estimates of earnings and the first time they disappoint run away to another good company.

    • i sold after buying at 26.75 a few days ago. took a 3500 dollar beating. not worth the risk .. this sucker will soon be below us steel around 17 is my guess.

16.59+0.50(+3.11%)Jul 28 4:01 PMEDT

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