iron.. I am just hoping with all good stuff you mentioning, the SPshould hold and not lose 45% in a little over a week. Price Stability is the biggest problem with this Company as Shorts are capitalizing on CLF's huge debt of some $2.5 B still.
This Company is a sole provider of very high grade IO pellets in USA and I just don't get it. Their sales of US IO should be in Low 20's million tons and should be making a ton of money with all the cost cutting in CapEx and SG&A., and blowing away all SHORTS.
Do you know CLF's SP is down from $5.8 to under $3 in just 9 trading days.. so what gives? yes, LG is very strong in CC and a competent CEO,but after the CC, its all Shorts are controlling and manipulating the stock and CLF has No weapon. Same thing will happen once the Q-2 earnings are reported.
This stock doesn't have the stability and investors do not have confidence in its strength. Its all because CLF still has a lot of debt and WS is playing at it..right or wrong.
Ha Ha...How I hope you could be right on all your points. But i will be happy if SP gets to $10 and I get the hell out of it.
red.. I don't think CLF has problem running day to day operations. If they have liquidity problem, we would have heard about it and they do have a line of credit with banks to borrow what may be needed. MNGT is too timid to speak out against Big boys who ARE SHORTING AND MANIPULATING THIS COMPANY.
SP down everyday 3,,5, 6 or 10 %. since E.report on 4/28. SP down today
almost 6.5% @ $2.82. I bet lots of manipulation and No defense from LG's MNGT.
I can't believe it but CLF SP again back in $2's as if SB IO price is @ $37; Chinese still exporting a lot of steel here, and CLF reporting huge loses..what a joke!!
WE MUST WAIT TILL Q-2 EARNINGS NOW..and then same thing all over like what happened after Q-1 Earnings and CC.
POS. absolutely No SP Stability and No respect from Anaysts and WS. Its always wait till Next Qtr and we go up. Yes..it goes up and drops like a hot potato in one week and loses all the gain it barely made. They need to expand USI) sales to atleast 20 mil tons from 17.5 mil tons if not into low $20's millions tons.,and keep CapEx and SG&A expenses way way down. Perhaps the new President might help as it will emphasize more MFG of all Goods in USA.
lishe.. I have tough time believing that the US hot rolled Steel premium to similar Chinese products had widened by 6 FOLD? Why and How come? It shouldn't be...Something is wrong here.
This is a great trading stock until 2 weeks before the earnings date.... Then Buy it. I have done trading 1000 to 1500 shares but NOT all of 10K shares.. afraid to miss out on it. But so far its working out well