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Cliffs Natural Resources Inc. Message Board

  • nysfparachute nysfparachute Feb 19, 2013 4:16 PM Flag

    3 day rule

    The usual rule of not buying a stock that's been pounded down until it's had 3 days to settle down and flush out all the sellers. Well today was the 4th day and there's still some distribution going on despite the upgrade, but I bought today at the 29 dollar secondary price because I think it's just trying to flush out the last sellers, and with the upgrade, I think we get some decisions to buy by fund managers looking to find something in the market to buy low. Think it turns tomorrow or if not, then soon.

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