my goodness. made $$$ for over a year on this short, the second I went long I got my face ripped off.
time to go back to the winning trade. longs, I feel for you.
that's what the newbies / rookies don't understand. $$$ ties up in a loser like CLF cuts your ability to invest in other winners, which has been about anything else but......
$5's today and a chance at $4's by New Year. What an f'ing XMas present.....down 80% on the year.
new low closing low today as the market has ripped 800 pts. Santa rallied but not this chunk of coal. POS!
hmm, i'd say 75% and 18M is a little better than twice a day.
agreed, and this trend is far from broken.
i've read countless "paper napkin" analysts on this board with your "facts". fact is this is down 95%, was a top 5 worst performer in the S&P for 3 years before getting booted, and then made the top 5 this year for the RUT. too many longs are basing upside on "hope"......good luck w/ that.
not for those who listen.
I was short from $40 to $9. I'd say I was kinda right.
Then made the mistake of the year by going long in the $9s. I started to listen to all the "it can't go many lower", and forgot about reality. If she makes it, CLF will go back to what she was, a U.S. producer that trades between $2 and $6.
all you have to do is read the posts. like a self help group. however reality is its $6 and crashing thru 10 year like lows. tell me astute longs, name me another stock that did that and recovered? then tell me the list that did that and went BK / penny stock route???
what is the matter with people. it's all about CLFs. Maybe $1.50, never $15. Who are these longs.
couple that with the $6.19 new 10yr low close yesterday, only a fool doesn't know where this is headed.
the lack of understanding of how bad this is tells me how lost the board is.
you don't crack a 10yr low unless there is something seriously wrong.
CLF became a + $10 stock 2x for 2 reasons.
1. Initial China buildout (when their GDP was over 10)
2. QE 1,2,3 (gonzo)
w/out those catalysts......here is what we have.
technicals, sentiment, perception, and momentum all pointing to $1.