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Cliffs Natural Resources Inc. Message Board

  • hrdwkgdog hrdwkgdog Mar 14, 2013 10:42 AM Flag

    At this rate in 20 more days it will be .99

    Unbelievable........ Somebody somewhere is buying all those shares....... and yes part of them was me.......... but I am sick and tired of seeing a drop over $1.00 on a daily basis when the DJ is hitting new highs on those same days.............

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    • Last year, when iron ore dropped to under $90, CLF was around $40, which could be a little bit over its value at that time. Now iron ore is over $135, even we expect it goes down to $110, CLF still should be worth at least $30.
      When it dropped from $30, to 29, 28, 27, 26, 25, 24, even 23, I felt it was reasonable, because stock prices sometimes can be far from their real value. But today, it's under $22. What's happening? Who are selling at such low prices? fear? panic? institutions escaping? Market Maker manipulation? .....

    • It is amazing to watch this stock drop so fast. Thought the bottom might be in yesterday, but wow, quite the tanking again today with the market up.

 
CLF
18.65-0.05(-0.27%)Apr 17 4:01 PMEDT

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