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Cliffs Natural Resources Inc. Message Board

  • booleansearcher booleansearcher Mar 22, 2013 5:43 PM Flag

    Next week will be a good week for Cliffs

    the pattern is set and I have played this many times before - the base is now in barring some cataclismic market downdraft -- it will have a nice gain early and then start backing and filling -- I hope Goldman keeps its sell on but I am sure Sal knows I am hard to beat when it comes to stock reversals. Yes I bought some here. Good luck - Boolean.
    *All of you sorry folks who love to hammer the bagholders likley do not even invest and if you do have a few hundred bucks in a money market fund. Otherwise - you would not act so goofy as you are. Boolean

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    • Hardest thing to do is buy when everyone is selling....especially when it seems to keep going down...higher lows now for 4 days is a very good base to work with...CLF is now day traded alot due to the volitility, and now paying 3% dividend due to the low price...2011 they netted 1.6 billion in profits...market cap under 3 billion now...after raising a billion at 29.00 per share...buyers will step back in when results and the mouths on CNBC stop basing the co and IO prices...you don't hear them talk about cash costs at 65 per ton, alls you hear is IO prices dropping and could drop more..it's still over 130 per ton...compare to RIO, BHP, VALE where they still have multiples 2X higher.....and with such a low price, who knows maybe a take out would happen and they can't stop it with a decent offer...CEO was running RIO for many years....??? And if they offer stock for stock, it would be immediately accretive...

 
CLF
15.48+0.33(+2.18%)Jul 23 4:01 PMEDT

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