I know this isn't the bottom, but it's worth a swing trade here IMO. I typically don't like to do this, but gut feel tells me this is overextended short term. I am sure CLF will eventually retest low teens, but it's not always a straight line. Good luck traders!
i just started a position I hope I can hold onto for awhile. I don't expect demand for iron ore to improve, or coal for that matter, but the price of this company is getting better and better and off-sets the risks somewhat.
what the heck, I'm in now. good luck