Well.. its well under $24 now and stock never seems to have any legs while Dow is near all time high .Look at the scary future earnings forecast.
LMAO.. ABX is great buy at this price. The recent issue of Barron has this stock as one of their winner picks in 2014.
w9....good for Halverson. Hope he does something positive for the company ones he becomes the CEO. This stock has no price stability and moves up and down like a yoyo.
Let me present a very scary earnings forecast for CLF (from ETrade site):
2012 E. $3.50
2013 E est.$2.95
2014 E est. $2.03
2015 E est. $1.55
2016 E est. $0.42
Now you prolly know why smart money is selling this stock.If this trend continues, I am not sure what will happen to this company. I hope they are wrong.
People here give excuses after excuses why CLF is going down .. year end selling.. markets down.. too much debt or Chronite project on hold . This POS does its own and the most blame MUST go to the management that they haven't recognized the problem that why so many investors are shorting this stock and done something about to discourage it.
Shorts are having FUN SHORTING this stock all year ... no matter how great earnings or great IO prices. Somehow the new management MUST CONVEY TO INVESTORS THAT THIS COMPANY HAS LEGS AND HERE TO STAY. The stock is back again under $25.
TWTR w/o any earnings and any earnings prospects till 2015 is rocking the stock market...up another 6% @
$52 today. Time to take the money and run. FB is a lot more stable stock with solid earnings. Only 2 stocks are real good and LT prospects in this crazy social Web market and they are GOOG and FB and they will be ones that will survive when air clears.
Some analysts say even FB's $48 price is too high at Forward P/E of around 50. If that is high then TWTR's P/E is in tens and tens of Trillions ( infinity actually). and thats OK?? Give me a F* break ..ha ha!!. What a rediculous comparision. Mark eat your heart out.
I don't believe this. It all comes down to Sales, Profit and Cash Flow and TWTR is NOT making any Money and is NOT expected to be profitable until 2015. Also Mark Z. should give himself a raise and go to Mens Warehouse if he can't afford Armani or Bloomie suit and get rid of that rediculous Hoody look. I never thought TWTR could be higher than FB and even some analysts are saying FB is way too high.Figure that out.
TWTR with NO earnings is up almost 9% today @ $48.89 now surpassing FB which is @ $48.23 barely up 0.6%. They need to fire David Ebersman the CFO and Sheryl Sandberg the COO. These two are doing nothing but taking stock options and converting them into shares and selling them and filling their pockets with huge money . Sheryl spends all her bloody time promoting her " Lean In" book and David ruined the stock price which was up $8 at $56 in AH when FB reported a terrific sales and earings for Q-3 and he slipped ina sentence during the Conference Call saying that teen use on FB is declining and stock promptly lost all the gain next day and fell to $48.. a loss of $20B in Capitalization. FB since has NOT recovered.
With all the great stuff said here about China's huge appetite for IO, the fact remains that The current CEO Carrabba is incompetent and he spent more money than CLF 's current market Cap value on the purchase of Ring of Fire Chromite mine and spent $500 mil on top of it to develop the project while knowing there was NO transportation infrastructure. How can a small company like CLF spend that kind of money?. As a result, debt is still too high. Thank God.. he is leaving at the end of this year. The New incoming CEO is an Ex Barrick Gold guy who knows about how to develop mines and I think he will straighten this out and also streamline operations. If he does that and keeps the Ring of Fire project on hold, I think this stock will move up next year. Bloom Lake mine development should be his highest priority..imo
Having said all great things about China's Steel production and Iron Ore demand and import, Why CLF is NOT moving up while the DJ is hitting new highs. Why short sellers are still making big bucks and NOT afraid of CLF stock price moving up from $25 on China's IO demand. What is the mystery?