lishe.. question is how much higher CLF SP may go in a near-term now that the Earnings are out and momentum will slow down. I see no higher than $9 and then back down to around $7.5 and trade in a narrow range unless Trump candidacy gets stronger and stronger and company issues $300 worth shares and pays down some debt. Yes you are right we all Longs have suffered quiet a bit over the last two and half yrs.
surf and lishe ...good to see you on the MB. More than the doubling up of Cash in one QTR is Great and very positive. IO price now over $60 is going up and will continue to go up as China initiates still another Stimulus. MFG climate is changing and more factory jobs will be generated in USA. LG ...you did very well and now use some cash to lower the debt.
Rev..... .$492 mil Flat
Earnings... $0.07/Sh or $30 mil vs Loss a year ago in 2015 I was hoping better than this but still its much better than the LOSS
SP...$8.29 up 5.6% in Pre-Mkt ..good start and hope it holds up
I be Gone all day Consulting today... C ya later all Longs!!
I sold today 15 $8.50 Strike 7/29/16 weekly Calls @ $0.30. Even If exercised still have 11K more shares. Hoping for good Earnings for Q-2 tomorrow morning. Good Luck all Longs.
atrue.. I was hoping SP would close $8 or above to day but closed a bit short of it. Hope LG hits the home run tomorrow in earnings release and drives the SP in $8.50-$9.0 range
You right.. be consulting all day tomorrow and hope the SP goes up...lol. Probably hope to see earnings as they come out before the markets are open and I go.
SP down under $8 now at $ 7.82. Lots of Shorts and Longs going at each other. Saw a very nice run up earlier hitting as high as $8.33. Don't lose the faith. LG should come thru w/ better earnings than WS expects.
m5224...If it was as simple as that may be I should consult more than 2 days a week..lol. Any way this stock now has a potential of its SP getting into double digit. in next 6 months
I don't think FCC will allow FB to buy TWTR but Google or Amzn may buy it..as they each have a huge market cap and TWTR's $12 B Mkt Cap is nothing to them..Google more likely as they need a social platform. Cant wait for CLF's earnings come our and LG make a
mincemeat of analysts
ature.. SP may drop some after the earnings as its going up too fast. Some protection in the form of buying Puts may ok but puts are becoming too expensive I am considering buying $7.5 strike 7/29 Expirartion weekly puts. Hope LG hits a home run when he reports earnings. Good Luck.
I also have a bunch of TWTR and it went down 9% in AH after earnings came out and they were good but revenue was light. I think someone like Google will buy TWTR eventually
..may be in 2017.
imagine,ironore and atrue.. your input is always very practical and driven by carefully analyzed thesis and is welcomed. I hope lishe , surfy and others I have mentioned will also return and make their points. oht is humorous in spite of his flawed analysis of CLF. I am glad believe_ who always trashed surf and solarmanmike who is absolutely crazy are gone from this Board.
I think SP should get close to $8 prior to earnings day. The biggest challenge for CLF is Not the earnings because I know LG will produce it but how to pay down huge DEBT that previous MNGT racked up.
Hey surfy, lishe, redposition, higrm, redhow, atrue... come BACK. We need you here. Where are you oht? Miss your humor.
CLF SP holding steady in $7.0-$7.2 range even in a bad down markets today.. Buy before Q-2 earnings out on 7/27 B4 markets open. You won't regret it ..IMO
Go lefkowitz.. BTW where is mlefkowitz?