Reminds me the BBY(Best Buy) . shorts were bashing it so bad, and.. it was to go the way
Circuit City went BK.s .. look where now BBY is..@ 41 plus. Thats how Shorts hype the Board.
surf..CLF even now @ $4.54.. time ot move up from here . I wished LG had started to buy some shares today from the low of $4.12
surf..its NOT that. Except lishe.. many of us Longs have bashed CLF and LG in one way or other in our
frustration as stock price keeps going down. At least I know I have ,but IR guy,regardless, still should respond to all Questions from SH. He is not supposed to have any favorites .
lishe .. why Paul is NOT replying to other share holders? Second, We may have bottomed out @4.12 and may begin to move up from here. It was a great spot for LG to start buying some 20 mil l-30mil shares from it.
The only course for CLF is that LG announce the share purchase (with the loaded gun by his side on a night stand for the protection of SH) and stock will start to move up as soon as he announces it and take advantage of this very low price and reduce the number of outstanding shares by some 20mil-30mil. It will go up so fast your head will swim
IF LG going to act with a loaded gun for protection, NOW IS THE TIME TO BUY. The price is very very LOW. In Q-3 CC he said he will buy common shares and use his weapon of $200mil to buy shares when price is very very low. DO NOT Wait... NOW is the TIME!!
lishe.. if LG is buying shares it will have an immediate impact and stock begin to move up.. some People can look it up and say who the big investors are buying and selling . The Company has to report to SEC when they buyback their own shares
I think LG should Jump in now with both feets and start buying as much as he can since the price will
begin to go up as he starts to buy and as Shorts see the Volume of shares going up and cover.. He may be able to buy all that wants between $4.20 and $4.50. what a great price for buybacks.
lishe.. if paul said it.. perhaps LG is waiting to drop to $4 and then do a massive buying of some 25 mil shares which will use only half of the money has to use for buying and that will reduce share count to around 128mil-130 mil. That would scare all Shorts in covering and pave the way for the higher price.
lishe..I didnt call him idiot. I am just frustrated and referred to him as idiot here. You keep repeating Moody's numbers but its not helping stock price for some how. now $4'17 is too low.. how low you think will go before LG take any action on buying common shares