Today the EPA decided, despite being a corrupt organization overrun by environmental zealots, to make the pragmatic decision to not define coal ash as a hazardous waste. I've noticed that despite coal being a tiny part of CLF's business, many retail investors and media outlets label it as a "coal stock" with no mention of Iron Ore....could today's price action be, in part, due to the EPA's decision shining a light of hope on the future of coal? Thoughts.
Hilarious...I could tell the story of my life without telling a single lie and make it sound WAY better than that guy, of course, I'd conveniently leave out the bad parts.
ha throw the technicals out the window on this turd..look at who was buying today, if it was shorts just re-loading it's going lower. If it was new longs look out shorts. And you never know when some unexpected news might come out to either upside or downside. Vegas odds here.
These analysts slamming the share price down are just trying to allow their employers to get in a the lowest price possible. They're all buying for Christ's sake! Goldman tripled their position last quarter! Credit Suisse added too....why do you think they slam the stock? To buy low....I would do the same. They wouldn't be buying if they weren't ready to pump up the materials sector and saw value long term.
you guys must be johnny come lately here....CEO hasn't even been on the job that long and huge asset sales take massive amounts of negotiations and lawyers and time..they take several weeks to months usually, and you have to deal with unions as well, and liabilities. Have you ever sold a home??? BIg pain right? Try that with a coal mine...way bigger pain. Get real...so far he's done more in three months than the last management did in three years.....if this company isn't reasonably ship-shape in a year, then you can slam the guy, until then save it, and have a Sangria.
They must have bought back enough shares to pummel it one more time before they reload again. I don't think management can lift a finger if they are in any asset sales negotiations they might have to be under the radar, and the shorts take advantage of the information vacuum. I'm sure LG is doing everything he can (instead of sitting there twiddling his thumbs like last management) to clean up the balance sheet which is what he should be doing. Long term economic health view, not short term concerns about stock price. Might buy a few shares next week if it really takes a tumble.
yesterdays gap down due to news and today's pop up in the morning has allowed shorts to re-load their shorting algos with more shares so they can incrementally short for a few more days at least until they run out of ammo. Maybe the next downgrade will be to Zero
I don't think you can make a rational argument that the new management and Casa are responsible for the state of this company or its share price. The old management was content with sitting on their hands and taking huge golden parachutes while doing everything to cling to their jobs and delay the shareholder meeting...had Casa taken over 4 months earlier as planned...things could be different, they could have sold assets before IO prices collapsed, and we wouldn't be in this mess. If you need someone to blame it's prior management and yourself for investing in this stock.
there's no need for help, we are merely watching a stock and it's price re-evaluation at the bottom of a commoditiy cycle. Steel demand is on the upswing, so CLF's US biz will likely have much higher volumes in 2015, new management is turning the ship around slowly. Big institutions want to get in at the lowest possible price before the next up in commodities in the following years...so they let the shorts bash it down. Nothing to see here, what we should be doing is following their lead, most of us bagholders were naive and underestimated decline in IO price and market sentiment to CLF and whole sector. There will be a point when they stop shorting this...that's when we should buy no sooner...but when is that point. As long as they can push it down like today and manipulate with ridiculous media reports, it will be self-fullfilling and it will go down. Here is my take...when a major down grade occur from media, and the stock doesn't gap down in the morning but goes UP a bit....THAT's the bottom.
I hope you're right, but I doubt it. I just wish I knew when they were going to stop and turn the trade around, and then I'd buy more. Impossible to call a bottom on this turd
too many shorts running the show...they re-load to cover some shares in the morning, then incrementally sell at progressively lower prices all afternoon to drive the price down and stop out any new longs. They will do this as long as it's profitable for them....when it ceases to be profitable they call up their buddy Littlewood or whoever, and have them put out a progressively lower ridiculous target price. This causes the price to dip at which point they re load as many shares as possible (we saw this yesterday), wash rinse repeat. When the threat of positive news comes out, they run for the hills for a short time, evaluate the news, counter with some negative press, and re-short. There hasn't been any substantially positive news that they couldn't counter so far as it would have to attract some big long buy and hold players.
you're a moron dude, he's only been on the job a quarter at most...and in that time he's already managed to do what the past management couldn't because they just sat on their hands for years. At least get informed before you post dribble.
haha that's true, you'd think he'd brag about living on an estate in Montecito or something posh.
what's sad is there is enough people that just sell knee-jerk on what these guys say....if no one listened to them and acted on it, they'd be rendered irrelevant.