Day trading is about making individual gains and they do add up. My rule is to target 10 cents on my first trade and build upon that, setting stops so that I don't go into a loss. Some days I make over $1,000, some days I make $80. Then there are the days I will post a small loss. The best thing is by day trading, I have taken my break even on my long holdings down to zero.
These dates were published. The court wants these letters by May 19 and I am sure Quebec will firm up their position after reviewing them.
letters of intent ends on May 19th… bidding will take place between all those that register with their letters.
Large moves in CLF is news related, without news this stock tends to trade in a very narrow range and not follow the market as a whole. CLF does not have an effective PR department, so information is rare and usually comes from some outside source like Quebec.
Not really, made one round trip trade and looking at a second. A group of stocks I watch is pointing to another bottom based on volume and velocity of trades.
Saw Vale and TCK turn up, took a daily position at $6.17. Anticipate buyers to take over from the shorts that were active this morning.
Still, a 1959 Studebaker Silver Hawk goes for $29,000, LG just needs to present and promote the package to the media to take the shorts out of the mix. The value is there!
No, they are being paid by the short interest to publish what they do. Ackman summed it up the other day when he said that it cost a lot to go short to pay for all the investigations and to make those results available to the market.
Percentages are not going to change much until CLF comes out with a positive announcement. The reason the percentage was so high today is that the total volume fell off.
You had TSLA come out with a big loss, roughly the same debt levels of CLF as well as the same amount of liquid cash and yet TSLA high highs today. What is the difference? Simple, Musk directly took on the shorts and took them out of the game. LG needs to do the same...
Just go back 5 years and perform a correlation analysis and establish a regression line from the data, it is easy to do.
From Market Realist:
"US Steel also has iron ore mining operations. The profitability of its mining segment, which is consolidated in its flat-rolled operations, declined as iron ore prices crashed. Moreover, 1Q is typically weak for its mining operations, which negatively impacted the profitability of US Steel’s flat-rolled operations."
This along with Essar's problems and AKS's Magnetlation venture shows the weakness in integrated steel operations when iron ore prices fall. These are not low cost operations and cannot match the good margins CLF maintains. All of these companies would be better off having CLF supply their ore requirements with long term contracts and not have the overhead associated with running an iron ore business.
I have found that Q1 shipments from CLF usually equals the total Q1 shipments on the Lakes. Then in Q2, Q3 and Q4 CLF's shipments are about 45% of what are shipped on the Lakes. Q1 numbers equal because CLF increase rail shipments to move ore to their customers.
If you look at steel production, it is slightly down in the Great Lakes region from last year and the big declines are coming from the Southern and Western regions.
from the Lake Carrier's Association:
Based on past history, CLF shipped around 2 million tons in April which would put them on line to ship 6 million tons in Q2.
for driving down iron ore prices. CLF is the absolute low cost producer of iron ore pellets in the US and it is the move by the big three to push down prices that is eliminating CLF's US competition. Canadian ore, US Steel's Minnesota plant, Essar's problems and now Magnetlation. CLF will be coming out of this better than the big three with their high margin US pellet business.