I doubt they take calls to people with less than 100k shares...better sell it and hope to reenter at 2.00 like the analysts called it.
I was laughed at when CLF was at 8.25 and i recommended covering shorts and waiting for a higher entry price to short from when CLF new management was pumping BS about asset sales returning value to shareholders. My call on closing bloom lake on christmas was also not taken serious.
I was also laughed at for saying that casablanca may be a front to pump up interest in the stock (with its 5% ownership) so the larger institutions who were long could get out.
Today was another testiment to the fact that this whole thing of turning around CLF was a pump and dump by a hedgefund not hedging or displaying any analytical skills but purely acting as a marketing outlet for a product destined to lose money. That $4 target is very likely to come true...
I remember people saying that 2 years ago about ACI, turns out they were are not happy right now. What do you see ahead for ACI that will help it improve shareholders' balances?
I do see them improving financially but most of the money from the improvements will go to the bondholders. It is not easy to make the case for ACI shares.
There is some truth in what you say but if you make an assessment that one should outperform the other, you close both your positions at the same time.
Well, the wealthy are heavily invested into natural gas farmers and fracking companies, so there is no chance that government will sign regulation that will be to the detriment of their masters. The only thing that matters is at what price will you break and sell out of ANR.
You should buy MCP's debt, not their shares, it seems some big investors are pouring in good money after bad, I dont know how shareholders will fare, but bondholders seem to have a fair chance of making a return on investment.
Eventhough MCP's shares would have to move up on some significant improvements for the bonds to secure, I believe that this will not happen with any reasonable likelihood to justify risking your money here.
Good comment Peter, so how do you conclude that deep water drilling is more economical than tapping shale and/or other methods of sourcing of oil?
Do you know what the operators' cost per barrel is who are leasing PACD equipment?
What makes you think I am a bad investor? How do you know my track record? Have your read my past posts...
Oil price does not affect PACD's revenue. PACD is not an oil co.
I wonder who you are to make sure ludicrous comments... noob
Well I learned when i was not diversified that being unlucky or wrong can make you very sad. As a general rule, dont be uncomfortable with your positions, or you will make the wrong call when things are going against and for you.
You should have sold on the open if you felt it would not make $3.00, Lets hope we are right about it going up again tomorrow, I am not worried if it goes down though.
The trend for coal seems strong, sure the trendline on the 5day chart is broken but who cares? if it falls tomorrow, who will sell who hasnt already thrown in the towel?
I say this stock goes back to $3.00 tomorrow easily.
Do see how this isnt going to resume an upward spiral over the next few weeks as the republicans put forward their action plan to dismantle obama care freezing people to death.