you can't write puts without first putting up 100% of the value in collateral. no broker would lend money on high risk trades without the 100% collateral, usually in cash or stocks.
could be worse she could look like Osama Bin Laden
one less takeout partner and takes a weak competitor off the market clk is the only weak IO producer left.
residual value? depends on how much net debt and what the market will book value the assets at. don't wait ,dump.
depending on the behasvior of gtat before the bk and what they said you may join a class action lawsuit that usually follows these filings and two years from now you may collect $.10 on the dollar if the suit wins
cramer never said sell he did say don't buy last week after the appl news broke. he said corning was the buy.
huh? there is no market for these shares THEY ARE BANKRUPT ! Sue GTAT maybe you'll get $.10 on the dollar.
sorry but this will blow through your stop sell so the stop sell is worthless like your stock. there is no market i.e. buyers they are BK get it!
c'mon lets hear about the dead cat bounce everyone was looking for
agree. look at clf a high cost producer in N. America going against Vale (Brazil) and BHP (Austrailia) CLF costs are going to BK it in this low priced commodity market. The same could be said of ANT, WLT and ACI. BTU is the Vale and BHP of coal. The $2 coal miners will be going BK just as CLF will. IMHO of course.
stocks in a very out of favor sector like materials always overshoot to the downside. on the way up overshoot to the upside - reversion to mean its called.
if the drillers are fracking ng there breakeven is $3.50. anything below that and fracking for just ng goes away. n dakota frackers are already just getting the liquids to market and flairing the gas to the tune of $1m worth per day. i wonder if the epa is even counting that carbon production?
i'll get my $10 handle this week yet
yes commodities pricing, and i hate to admit it but i'm long btu from the mid 20's, is causing all the disruption in both hard and soft commodities. I made over $27k profits in clf in the China boom times. We are all desperate for the Chinese to return to big commodities spending.
2/19/2013 @ 1:15PM 4,178 views
Snag CLF Even Lower Than Its Secondary?
Looking back to 5 days ago, Cliffs Natural Resources, Inc. (NYSE: CLF) priced a 9,000,000 share secondary stock offering at $29.00 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time. In trading on Tuesday, bargain hunters could buy shares of CLF and achieve a cost basis 1.1% cheaper than those buyers, with shares changing hands as low as $28.69 per share.
starting to think you're right. this is falling way to fast to see a quick bottom.especially in a 1plus % upmarket. if it were dropping $.10 to $.20 per day I would say $10 or $11 was bottom.