I need to see purchases of 100K shares a minute sustained over at least 10 minutes to call a short squeeze. Looks like it might be headed that way.
I monitor volume and sales and when the volume drops below 10K per minute, that is light volume. In the past, shorts would use these light trading moments to influence the price with a 5K share sell, it isn't happening now. Some type of news or event could be on the horizon, have been checking Canadian and Australian newspapers for any breaking news.
tells me the shorts are not stepping up to push the price lower, could they have figured out the stock is not going lower? Would be the best time for CLF to buyback shares to initiate a short squeeze.
Just figured it is a good way to get rid of Harry Reid.
On the voluntary and democratic means, never got that from the people I know in NC and SC.
I am looking for something good in the last hour of trading. Positive news on iron ore prices, stock buyback and should get confirmation on some asset sales.
I have been watching this stock, do not really know what to think. Maybe met coal will turn with iron ore going into the end of the year. Good luck with it.
A Bloomberg article has MS predicting a rally in iron ore as high cost miners have shut down. Vale estimates it will be $100. Iron ore price headed up and the stock buyback will lift CLF's share price back over $20.
If they sell assets and keep the chromite project, that tells me they are moving to diversify their holdings which is a smart long term investment. So far all I hear is they are moving to sell coal, Asia Pacific and Wabush.
No, been monitoring the Canadian and Australian news networks as this type of volume and price movement has been in advance of breaking localized news.
They gave you 3 chances today to cover your short position, now it is taking off. My thought is there is an asset sale that will be announced and some have advanced notice of it.
and CLF will see the success. As they sell assets and excess inventories, they will expand the program further. Buybacks like this works better than increasing dividends.
When you write junk that is not true, I will call you out. The reason CLF is down is not because of its performance, it is a simple classic short attack and I expect you and some others will try to throw out "facts" to support this short attack. And when you do, I will be quick to perform a fact check.
X income 2013: ($1.672 billion) 2012: ($124 million) 2011: ($53 million) 2010: ($482 million) and the last quarter of 2014: ($18 million)
CLF had some losing quarters in impairment charges but continue to increase their cash position. If you really look at the published income statements, CLF is in a much better position than X.