BHP down almost 4% in the pre-market. This is going to be a long, ugly process for them with consequences no one can fathom yet.
Whatever this does to overall IO production will be interesting while it unfolds. Will RIO pick up a lot of the slack to continue depressing prices further down and causes more financial strain on BHP and VALE. RIO will not be able to break them, but will they try to cripple them?
In the meantime CLF does its own thing with its own problems and it is always depressing for shareholders.
I gave up on Surf. There are enough disciples on this board who still cling to his every word. i do hope he is right one day on the final result, as maybe that will get me closer to whole than this damn hole we all are in.
LG was spot on when he talked about the condition of the plant after touring it. He had a good sense about the mess they were in. Just too bad Essar will burn a lot of people and companies knowing the mess they were in and most likely their knowing they could not survive it.
It trades like this all the time, every day. Where do you come up with T Day
Hell, even now at 2.35 the stock does not hold a gain. Whatever CLF rises by on an intra day basis, traders take it all away and than some by days end over 99% of the time.
At what point do they stop hitting this so hard. This is the only stock in the universe of stocks so hated and so well played/ For goodness sake, stop playing CLF for pennies and move on.
This selling will end very soon. Vol has been very light and the selling does not seem to be by large holders of SQ. Sometimes it looks like a penny stock with spreads greater than 15cents, than it tightens up and than another large spread.
A pattern needs to develop. I jsut hope SQ does not get the TWTR curse from Jack
initiatives that likely contributed to the damn burst and the environmental contamination. If those cost cutting initiatives are proven true and if they do not find an end-around and some production goes off-line or certain costs are added back in, shouldn't IO prices start to rise. Those two companies make a lot of the IO.
beyond. Now today they are dipping their toes into music. Spread to thin, becoming a muddy and murky company and will be too confussing in time.
Not sure if losing shareholder money if a game or an event for Jack and leadership,
Maybe Jack's legacy is to build 3 failing companies for investors?
ans share price wither away.
The big three have this madness about their operating strategy that is causing everyone more harm than any benefit.
Will the S&P commentary become the wake up call for BOD, CEO's and others who make the decisions to change the narrative for IO?
Franken is too damn stupid to do anything right and if he is behind some legislation, I doubt he has any capabilities in the senate to pull this off. Agreed, Obama is the biggest fool at the job, even far worse tha nCarter and I did not think anyone could exceed Carter's mindlessness.
Sure seems this way. They all seem to have a certain special arrogance about themselves and what does not matter to any one of the leadership is the investor (us). Young, rich, spoiled, f-d up fools who regard us as tools. Just remember what they said in the last two CC (trashed it in both and guided down and said MAU may not ever matter).
I read a headline story today that twtr could replace sports center. Think news like this might help twtr catch a bid?
Saca and company need to let go and allow anyone who gives a damn the control rights to the company.
Most posters here are so underwater on this stock that they will hang onto anything Surf or others are saying that offers a glimpse of hope. Your conclusions are spot on.
He doesn't like what some of us have to say so we are on his ignore list because we have no facts. This is going to be a problem for me that I am nor favored by Surf. All of WS has it wrong. He has it right. Hell, from $28 to $2 should be facts enough for most, not to mention anything about supply/demand imbalance, a global GDP at depressed levels and dropping further with each new forecast, low IO prices, madness from the big 3 producers, debt, cash burn, lowered forecasts by LG 3 out of 3 ER and so on.
Let Surf and his disciples go since makes them feel better. If something turns out to be true and we survive this, so be it, but not likely on what they are asserting.
with? Are they stupid or is WS overreacting?
Who the hell knows as LG hasn't the dignity or grace to support his investors as we get obliterated daily.
Wonder how much of today's killing in all things commodities and IO / steel especially is related to Draghi's comments.
on very heavy vol as well, an utter puke out
What is the 900 pound gorilla or the loaded gun or any of the other BS promises by LG