china iron ore 62 % trading up 2.63 at 62.33 a ton must be major restocking enjoy the day
Never maintains - all we hear is $7.50 or $8. by end of the day. I hope it stays green by the end of the day. China Iron Ore prices up over 10% the past few days. Clfs is poised to make a ton of money this quarter.
just up: "Steel stocks should be owned ahead of Section 232 news, Jefferies says"
Check out LG on Bloomberg! he's a damn RockStar. He's going to rip the shorts face off when he's under 1 B debt with 7 years to pay it off, and profits are 2.50 share for the year 2018!
China iron ore 62% trading up 2.95 at 59,7 a ton have a great day
CLEAR the tape for a new base of $7+
I'm thinking we float 7.25 to 7.50 into earnings, than pop w good earnings to 8 and change . Other guesses?
China pricing continues to rise but Cliffs barely was green yesterday. I see another day of big jumps at the beginning and possibly Red at the end of the day. Not sure why this is not going to $8 with so much incredible news in its favor.
iron ore continues to climb this morning. so far, up another 2%
Bulls bet on Cliffs to rise
I love the corrected news from yesterdays interview by Cowen with LG. He never said that Sec 232 wouldn't happen, he said it would likely happen. As usual Cowen put out a mistake and corrected it today.
GREAT sit down with LG and Bloomberg!!!!!!!!!!!WOW weeee going to fly....Cliff running wide open. Shorts are sunk.
I believe that ANY tariffs imposed by the Trump administration (which is doing an awesome job btw) will be very very positively received. Then it is critical to watch HRC pricing response. It should start climbing again from the 620 level.
Next is the announcement of the passive investors. This will also push the SP up.
Then add in the cash from the CCRA process, the strong Q2 earnings, the announcement of agreements for ALL 1.6 million tons of DRI product as soon as it is produced, the retirement of more debt and the slow but gradual climb in SBIO pricing and shorts should be heading for the hills. Heck they should be getting out now!
If earnings weren't good last quarter at higher ore prices, why will earnings be great this quarter at much lower prices? Were there a bunch of charges? I'm not following. Not happy about the stock dilution (even though some claim it wasn't actually dillution).
So Morgan Stanley now has their ore forecast out. They say its going to average 50 dollars a ton for the next quarter, then 55 for Q4. After that for 2018 and 2019 its going to be 58 and 54. Still, above 40 or 20 like El Gordo forecast.
Wonder if today will be a $7 dolla day..
7.23-7.25 highs today and hopefully will stay close around 7-7.05 if not 7.11
how many of you missed buying in the $1's and $2's?? How many missed buying a recent bottom of $5.50-$5.80? hope you bought under $6...this is going to $9-$10
Nice to see end of the day strength .. let's hope it holds the $7 line
Finally SP closed above $7 at $7.03 up 5.4%. With IO price going up and Good earnings coming in next 4 weeks, we may see CLF at $8-$9 before the earnings date and then depending on the CC , it may go over $10