jim - you sound a bit frustrated and - p.o'd...............insiders have done the right thing in buying and really two more need to buy add another 2-3k shares to lock this insider support down. I am waiting for the next Q report - the comparisons are pretty easy and the same as we move through the year. I am expecting to see some rising top a and bottom line numbers and I WILL BE ADDING MORE SHARES. The demand side is there and the company really is in the best shape it has been in. I have had trouble with management's handling of the company as well but this last down move was mostly due to reasons that are explainable and not directly tied to them. If they do not produce in these next two quarters - EACH QUARTER then I have another plan to push them.......you probably know what it is. You sound like a disgruntled employee or ex-employee or perhaps this is one of only a few stocks you hold and its slow rise frustrates you..........but demise is not in the cards so you are over stating the problem. I will buy more and you will watch and we can see who was right. You are too emotional to do the right thing but we find out if I was RIGHT or not insightful enough to see that you were right. Good day.......we shall stay tuned. Boolean
fight the tape - as I noted in my last post the rise yesterday would not prove to be the turn and the buy signal is not out yet.........so not to chase it......and that was the right call. Right now commodities are in deep crappola so you just don't fight it right here. Some one may come in to start buy out rumors and that would stop the slide but for now.........I remain weary and you do not want to throw good money into this YET......not yet and who knows........maybe never. We shall see. I am here as a friend not a pump nut who posts nonsense all day just to hear themselves keyboard. Boolean
in management - I mean come on kids read the annual - this company is HOT and the stock is in the tank yet insiders won't buy.........sure they will sell OPTIONS - free shares the big brother give away but they won't pony up and BUY ON THE OPEN MARKET. The stock languishes and you kids side with management just as you did with the disaster Bush and Cheney. Will you even learn. Obama may not be anything near perfect (being a politician pretty much negates that) but at least they are taking care of our troops unlike the Bush Admin that just........used them. You know I am right if you step back from your politics. Be independent like be so you can see the light.
firm all out BUY signal has not hit yet so I am suspect of this rise --- the pattern is getting very extended so I would think another down move soon will lock in the buy point............I am still suspect.
can have fun dreaming up imaginary answers that you just can not know but deem necessary to keep attempting to arrive at. The BIG PICTURE says this deal is awesome for shareholders.......and that includes RAY. This stock for me is a solid play and I will not sell it here. You may spend your time now micro-analyzing while the macro is all you really can be sure of. Good luck kids. I have a lot of plays out there so my time will be best taken with those as this stock is GOLDEN and I must repeat - RAY IS ONE OF US...........BE THERE. Boolean
BUY point I have been speaking of and waiting for .........again today close but no cigar so......I WILL BE PAY-TIENT AS PAY-TIENCE PAYS. And it has been right on as the price keeps dipping while the BUY signal stays neutral. I have built my cash position and ready to go in blazing when the buy signal hits.......I will say when I buy the day I do it.......that is what I always do as I have full confidence in my calls. Look at Earthstone energy before its run and now.......and us energy when i said no way and it fell when all the hypers were screaming BUY BUY BUY........Be careful my friends. Boolean
true - that is what I just said - nothing new there. Ray has to vote his shares FOR and now he will be locked in at least until September or so and RAY WOULD NOT DO A DUMB DEAL AND RIP OFF HIMSELF.....that is just foolish thinking. Give the guy some credit already. People fear he is ripping off shareholders....TO THE CONTRARY HE IS ENRICHING THEM AND HIM..........he is one of us OK. The deal is done - you can vote no and you are happy but it changes nothing. This deal is going to be GOOD FOR SHAREHOLDERS. My line of thought is going to be correct .........as always the simplest line is usually the right one. I have a hard time following you guys sometimes. Boolean
in a solid UP MOVE........you see the pattern is extending longer than usual so I fully expect the UP MOVE to be EXPLOSIVE and based on news of infrastructure and world economic growth. Naysayers will be wrong. Boolean
mountain - read the annual report - what is management saying about the company and what they are doing to build value into it -- if they are wanting us to continue to hold our stock why should they not BUY IT since it is so beaten down. Put some of THEIR money on the table. As for Obama - I have not said I support him though as President I do as an American........the country is coming out of the disaster of the Bush/Cheney debacle so that is good no matter who is doing it (more likely the American people and not our politicians). Boolean
there a lot of investors here scared that Ray made a bad deal - too many uncertainties they say. I say......hogwash. Ray is one of us. I mean - he is locked into his shares since part of the deal with Oak was that he would vote ALL of his shares for the exchange and he is not able to sell until after the deal closes..........that means sometime perhaps in September 2014 or more. The call delineates this. So -- thinking that Ray is going to cut his own investment throat is a bit too fear mongering if I don't say so myself. But if you can not be happy until you micro-analyze it to death (all the while knowing that you can not get the information you so desire) then enjoy. For me --- I sit back and stand with Ray. Boolean
and we will likely see some of the turn as 2014 unfolds........I still don't see the perfect buy signal I am waiting for and in fact it jumped a bit higher off of it today so I will wait b-4 pulling the proverbial trigger. This stock is going to base here and then begin its recovery. All of the naysayers can have fun - they won't shake me - only facts will shake me and for that I will keep watching and assessing the status of Cliffs and the industry. That said, this stock will likely be one of the top performers in 2015 and I plan to........Be There. Boolean
kem - a little civility please -- he was not mean in his response just wrong. Boolean
sure they have been cutting capacity since 2011 since that was the top of the demand cycle...........you must cut capacity to save money and to slow the slide but alas the slide simply picked up steam and we dropped precipitously. If they an survive the stock will do very well as the next commodity run will occur on the back of the infrastructure build and economic growth around the world. Cliffs simply has to try to hold on until that growth takes hold.........can they do it is the question right now in investors minds. Boolean
The demand and surplus are all part of the pricing of course........I don't get you point when the point was made with prior knowledge taking into account by those who post here.......iron ore is down below one hundred now I do believe so it is tough..........analysts believe the rest of the year gets worse so that makes me bullish. Smaller players will not be able to stay in business with the low prices so that too will help. But all and all I want to see some real GROWTH soon to make me feel better and I think it is coming soon....... like June-July. Boolean
It does when you are smart enough to look at how many they are SELLING. come on don't you understand how this works.
and you see on Friday all eight of the top ten (two not indicated) were UP as were many others in that sector......China's steel imports is up this quarter vs last year and you have growth in many other countries not to exclude Vietnam. Now Cliffs may not be solid but we the potential is there for it to be a top winner in 2014 IF steel can keep rising from here.........it was like 187 a ton in 2011 when all was pretty and now it is way off BUT it is off the bottom and again all you need is a little more infrastructure and China to show more growth and WHAM.........new deal and Cliffs is the darling again. Will be fun to watch TRACK STEEL PRICES KIDS. Boolean