The best one to me is the part about it being manipulated. I've come to realize that this just means the stock is not going in my direction. I did a 1000 day lookback on a iron ore freighter load of symbols, and CLF came up at the top as the worst performer of all of them. Unfortunately I have family in this pig north of 60, because they refuse to use a stop loss.
I do not presume that all holders here are down 90%. I never said that. But I also am not dumb enough to believe that all of the longs here bought at 6. A quick search shows this post back in Nov:
imaginejml • Nov 19, 2014 2:35 PM
No, but price action isn't very telling. Just 12 cents off the lows of the day. If this does not rally at close I may take a big loss, bail and depart from this sector forever.
So if you had a big loss at the 8.50 area I would guess that it is gigantic now at 6.27?
So far it's the longs that have been castrated. 2011 - 20%, 2012 -38%, 2013 -32%. But then entered Casa to the rescue, 2014 - 72%. Nothing speaks like the price chart. Everything else is just conversation. All of the shorts from before September could see a doubling of the price from here and still be making pesos. Since the end of 2010 this stock is down 91%, while the SPY is up 63%. I can't imagine what it must feel like to have been long this stock and lose 91% while the broad market is up 63%. Great Stock Pick ! !
Closed just a penny off of the day's low. But I understand, it is still above last Friday's low. Now off 14.5% from yesterday's open on what was proclaimed here as great earnings.
As if to imply that ALL of the longs are in at 6.04? What fantasy ! ! ! Currently trading 6.31, down 14% from yesterday's open. Your Friday low of 6.04 could very well be gone by this Friday. Happy Trading !
Those that were suckered in at the open yesterday, on what was being proclaimed here as good earnings, are now down 13% in less than 36 hours. The analyst that said to fade the pop was the correct one, indeed.
Why are traders who have read this correctly and are on the correct side of the trade, always called crooks here ? In the US market, shorting is a legitimate strategy and is available to all who desire to do so.
die-hard longs are amazing. why bother with this when there are soooooo many stocks participating in the bull market ?
My condolences to you, since likely you are down quite a few pesos. I only see 14 days in over 10 years when the stock traded anytime during the day below the current price of 6.57. Therefore it is likely that most longs are underwater, regardless of what they may post here. Best to you on the trade.
Then apparently your chart does not even go back as far as 2012 ? Or how about $20 in 2011 ?
Why should the shorts cover, when once again the stock is "off the rails" on an up day ?
According to Barron's: Color JPMorgan’s Michael Gambardella and Tyler Langton impressed by Cliffs Natural Resources’ results fourth quarter operating results: On the other hand, Wells Fargo’s Sam Dubkinsky, a long-time Cliffs Natural Resources bear, recommends investors “short the pop on weak guidance.” So far Sam is in the lead.
How's this "Blast off!!!!" working? After 80 minutes it looks more like a "flame out" on my chart. LOL
How's those "ripped off" faces looking after 10 minutes of trading this morning? LOL Keep fantisizing !
Perhaps you are correct in your belief. However, I do not see any evidence that the insiders share your enthusiasm? They seemingly were sellers in Q4 in the 26-27 price area. Happy Trading !