"late to the game" shorts dont know when a stock has bottomed & heading up..36.5 today?
the bashers on this board remind me of the "aapl to the moon!" pumpers on the appl board that must have been jumping to buy every little appl rise as it worked down from 700...some mining stocks may be overbought at this time but clf was so oversold in 2012 that it can go a lot higher with today's iron ore prices, clf is one stock that has just begun to head back up from its bottom..i'm guessing clf continues the rise it started friday and probably tests 36.5 or so today, if it breaks above 37 today or tomorrow its probably going to 39
smart traders buying todays dip, early market sell off will probably turn to head up this afternoon climbing the wall of worry and then rally tomorrow, clf closes flat or positive today and heads to test 37 tomorrow
agree here. Next stop is 46 in two weeks. X and NUE report this week, you will see some movement then. Don't be fooled by these downgrades. Bouncing off its 50 day MA on the daily chart. It is in oversold territory and its ready to run. Pick up some 39 Feb 8th calls, you will be glad you did.