To all the optimistic longs if the future is so bright than
why is the price of the stock keep falling?
Funny thing about a stock price is don't fight the trend. If The street hates the stock- and that sentiment is reflected in the recent stock price activity, there must be a change in the minds of the investment community 1st and then the price will follow- not the other way around.
Because the market thinks a slow down in China is debilitating to CLF. What the market doesn't understand is that as long as IO is over $110/ton expansion will continue to happen. The Crab said so much last year. What do you think is more important if spot iron ore goes down ten bucks or CLF discontinues expansion efforts that should increase mining by 6 to 8 million tons of ore. All WS is doing is creating a buying opportunity. Analysts have said so much in their comments. Read Citigroups comments.