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Cliffs Natural Resources Inc. Message Board

  • ohtaegun ohtaegun Mar 5, 2013 7:12 AM Flag

    Listen from someone that lost.........

    Oh boy,
    Went from short to long last Friday. Why? We had technical and seller exhaustion. And with a little m&a talk being short did not seem smart. Was that a mistake.
    Well instead we get the double whammy of China and UBS saying I/O would fall hard. (UBS' track history is beyond bad) But CLF is so damn weak and got crushed again.
    Hammered, Down 5% is a day. Only CLF does this to ya.

    Now what to do:
    I said I would hold the trade (it's a trade) til Tuesday. Here we are. I'm smelling a good jobs report and w/ the s&p holding a possibly new market high. (dangerous cause it does look toppy) Gonna hold and try to get flat to sell. Still playing a short term bounce to maybe $28, but long term I am with RL, Jagger and a few other. This baby is in serious trouble.

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