appreciation. If CLF wins I will give them same amount of time for same reasons. If the winner does not produce a better result for the stock price, I will likely take a my losses in CLF and limp off with the proceeds and look for better places to put the money and try to recover my CLF loss.
I am not sure of another strategy to take. Hopefully this timeframe produces the clarity that's been lacking for a very long time, so we all can make more informed decisions with our stakes.
WS is falling over itself to buy FB at its highs ahead of earnings on expectations of whatever...
Social Media is a crazy business and FB is priced high for an Ad company. Tonight will tell.
Like no one knows this who matters, those who actually make stock prices move?
This news did not move CLF in the AH yesterday and it does not matter this morning either.
You have become the ring leader of idiotic conclusions for CLF, Surf. Is this because you are so self-absorbed in your own analysis of everything CLF, or is it because your are so stupidly blind to the realities.
The only number that matters for CLF is its stock price. And by your own views, the low stock price is because of CAS and his short attack on the company, or some other nonsense. Oh yes, WS has it all wrong. Only Surf is right. All others are wrong and have no facts to back up our views.
Assuming (which I do not) CLF has blow out earnings, the stock will not benefit because I suspect the news will have so many one-time factors built in that WS sees it for what is, plus I think they guide full year down.
Those here who post good earnings will save CLF lost their minds.
Once again, it is because of the shorts....Short interest in CLF was only higher once this year (that was in February at 48m). It is near the lower end on the range YTD as is the stock price. One year ago (7/15/13) SI was 55.9m.
There is a reason they are short, but that alone is not the reason CLF STAYS at its lows.
There are some on this board who lost their minds over and you are one of the leaders.
I held onto my CLF only because of CAS, waiting to see if I will recover my losses from the actions he takes on the company. I sold my VALE earlier this year at a big loss and I already made back the entire loss plus a nice profit trading other stocks. If CLF does not get traction after the vote/CAS, I will take another large loss in CLF and try to do what I did with the proceeds from VALE.
Too many of us in the same sinking boat for to stinking long.
Best reason to vote CAS as anything ever written on this board
Surf is like the person who cannot say they are wrong. He may wait 10 years for CLF to turn around so he can say I told you so.
He regularly bashes management for many sins while hanging on to any reason to keep them in control. In my world, I call this crazy.
Surf invested so much time studying CLF he will not let it go and he will not trust another to run the company on misguided thesis of hedge funds are evil, CAS is evil, etc. The devil I know (CLF) is better than the devil (CAS) I don't know.
I have come to expect this much of him and just shake my head when this stuff is posted. I suppose he does the same to my posts.
I am not Surf but I agree and HOPE that what you say happens. Why does anyone try so hard to find another reason to keep the current team and its plans in place? This notion giving me a headache.
Not so. I have always maintained to opposite, so have others. Many were just hoping for great earnings.
JPM said it with their release today. JPM may have just set the backdrop for CLF tonight by coming out with this ahead of the ER to try and give CLF a cushion for its explanation and room for forgiveness.
With much of the world slowing down, some countries may be in a recession or close to it, where the US is still growing barely than status and your actually think demand will pick up enough to change pricing? let's see tonight when CLF gives guidance.
For that matter, with materials pricing already being down like this, maybe WS already voted on this.
JPM also lowered FCX and X in the same story.
(.34) from .19
IO prices down 11% from forecasts
Weather related shipping problems
Volume trimmed by 1mmt
JPM says we are not feeing optimistic about q2
News out at 11:33 but have not been able to paste the story
I keep him on ignore so I never see/read his #$%$, along with a few others. These people do not bother me as much as some do with their stubborn blindness to what realities are on CLF, not what they supposes it should be for CLF.
I understand, was just saying it started in q1. There were other material items from q1 like the hedge benefit of 7.3m, as well as the 60m misc exp category from Wabsuh and a few other one-time factors. This magical feat the Surf says can not or should not happen, it happened, it was legal, so he should get over it.
My point to surf is why does he cry foul when no one else is challenging the numbers from WS, and why is the single point so important to him?
I have never given numbers, which to me is a joke trying to guess, I just supply direction, and it is not going to be stellar and guiding full year lower. have said this for 2 months or more and sticking with it.
I already said as much. Q2 will not be stellar. Full year will be lowered.
I did get a 3rd white proxy in Saturdays mail.
CLF is trying very hard to get retail support, like they finally care or think about us. This also shows me they do not have support of enough of the funds. If the vote was in the bag, why is CLF trying so hard to get my vote?
Anyways, it already went to CAS weeks ago.