Would think Cliffs will be up big tommorow with China News, no?
I know it already came thru news of Rio Tintos success with Iron ore, as well as recent China data. With earnings coming soon, it wont be long until there's a short squeeze on this stock, seeing its 30% shorted yet
IMO there's a lot of backdoor manipulation going on with CLF. Wouldn't be suprised to find naked shorting and shares/money that is "borrowed" between some of the big short players that doesn't officially get accounted for. Amazing what big money can do that would land anyone else in prison.
Shorts will head for the exits soon-or be crushed-the ones that get out now will be around to play another day-the ones that do not will be broke. REASONS--IO steady at $135+, China rebounding and some sanity returning to Washington will provide all the impetus needed for a move to $40.