He is a momentum player just like every other trader who appears on fast money. I remember when he was pumping WLT when it was well over $100. These guys don't care about funamentals at all and if he is taking a postion on CLF, he won't hold it very long. Stocks like CLF, BTU,WLT and FCX are a signaling that there is trouble ahead. Maybe the overall market continues to go up, but the risk vs reward is just not there anymore. CLF will not outperform when the market finally corrects.