he was talking about the price of iron ore not hitting $60, but instead rising from where prices are now...he wasn't saying clf was going to $60! you longs are typical longs...morons full of hope and a prayer. this company is not dying, but it's certainly shrinking. cut your losses tomorrow. commodities are going down on the euro weakness. tomorrow is a big day in the world of currencies.
this guy is the best that Fast Money has and I respect his opinion...people who invest in high-beta stocks should be able to take short-term pain....unless one thinks CLF is going out of business, in my humble opinion, at these levels, CLF is a great "LONG-TERM" hold!