what are they saving for the CC. I am running all kinds of scenarios through my mind and can not say is this is positive or negative for the ER.
Confused as heck about that and how the shorts just kept on piling on. They fear nothing, not a darn thing.
While CLF was my best trading stock last year, it has been a pain for me in 2014. I will not average down from here because I do not have any idea how this trades over the next few qtrs.
I suppose if we see $35 of of Casablanca news over the coming months, I will call that good and book a decent profit and call it good.
If you paid attention to options in CLF for the last year, 99% of those betting this way are wipped out on exp day. The percentage may be high, but my point is not. I think many who play CLF in options do not know what they are doing.
CEO. Now we need to hear from them what this means for the company going forward seperate of the Casablance news. They must address all of the concerns which WS has that keeps the shorts strongly active in CLF. I hope they put a spike in the shorts hearts with their ER and CC.
While CLF did hire new management to fix the structural problems and improve shareholder value, I also hope they will begin to communicate more frequently. I loved how Casablanca framed his arguments and shamed the company on its track record as a worst performer in the S&P and most shorted stock for years running.
Seperate of what they do about Casablanca, I think the new team will do what needs to be done. They just need to say it convincenly and repeat it often.
bump. Hopefully after ER and some color on where CLF is going, CLF will jump to the top of the list.
Who cares, we need a lot more 11% upward days.
And moving up with a vengeance. Both CLF and VALE are doing better than any other minor in the materials sectors. Very nice.
things for CLF. Both stocks have their earnings coming up.
Oh, to have a coke reaction on CLF would be nice.
Of my 7 stocks I own, every 50cent advancement is met by 45 cents of selling Just a round-about way of saying people are not holding or riding gains. If it moves, it gets sold.
that small give back may not be nothing to worry about. it had a very nice 4% bump from days low, so someone will be taking some money off the table. Would not be surprised to see it close near prior days highs.
Its changing now. Volume is up on these strikes, and some very nicely: 19.50, 20, 20.50, 21 and even 22. Largest upward changes are for the 20, 21 and 21.50 as a percentage gain.
a bigger bet on CLF or if this was a relief rally from being way oversold. Options for this week do not suggest anything new. I did not compare them for another time frame, just against this weeks exp date.
That is too simple of an explanation for CLF. For the first time ever I agree more with gun about the problems related to CLF more than explanations related to the sector, China, IO pricing, growth, etc. You know what I have been saying for months.
The shorts know what you said and do not worry. Casablanca gave good reasons to cover and they hit it harder. There are very few shorts on this board, most are frustrated longs.
In the latest short interest report CLF is up huge, while short interest in VALE and BHP went up marginally (even after the tax issues by Brazil on VALE) and short interest in RIO was down.
This bigger drop in CLF is something else.
Very true. So, when the shorts are playing with CLF as they are, what numbers are they looking at?
Is it IO below $100?
Is it a weak company unable to manage the message?
Is it someone the shorts are able to pick on because CLF does not defend itself (at least so far, as I am willing to give the new CEO the benefit of the doubt)?
Is it China worries because many materials and the FXI are hitting lows as well?
What are they looking at to take CLF back to a price point that looks to be ridiculously low?
The S&P is at a 3/1/2 month low. It is going to be hard to see a decent bounce for CLF when the overall indexes are down this way.
Unless CLF has an announcement for us in the CC, or if they announce something like what was suggested by Casablanca, I have no idea what gives CLF a bump. There were enough positive news stories for CLF recently and these were ignored by WS.
They are in a silent period now so I don't expect anything until earnings next week.
And this is the primary job of the CEO for the CC, to change the narrative. CLF is fully exposed now following the Casablanca news and they must say something because where they are now trading in relation to materials as a whole, this is sickening.
If WS takes it up. So far anything in IO is stuck in a crapper and being left their to rot. Look at CLF off of the Casablanca news. It seems WS is not too interested in IO, Coal or Cooper stocks, short of a few expectations.
I hold both VALE and CLF and do hope for a better result soon.
have fallen to 6 month lows and another group of materials that are near 6 month highs, depending on the type of material / earnings they have had.
IO, Coal, Copper at 6 months lows: CLF, VALE, BHP, FCX, BTU,WLT and FXI for China story.
Steel, Aluminum and Copper at / near 6 month highs: RIO, AKS, AA, X, SCCO.
Prior to November these stocks had nice moves up, especially CLF up 88% from its 2013 lows.
Some of the stocks have a unique story or country specific problems, like VALE has. Others like CLF are a mystery, especially off of the Casablanca news.
Can not wait for ER and clarity of where CLF is going. Maybe the color that comes from the CC clears the mud and opens an avenue for some growth.
Never expected a break below $23 on CLF. Hope to recapture that soon.
I especially like the part of your post pointing out the swift and rapid losses on his initial position.
Maybe for the first time in awhile CLF is going to be forced to face the pain that her shareholders have because Casablanca is a phone call they do take, unlke our calls.