A week from tomorrow is Chippewa's current deadline to shore up financing. It will be an interesting week.
Local rumor here today is that financing for Chippewa is not coming through...
@Jonathan I'm glad you consider yourself a professional trader. I did my "homework" on CLF when it was $2.93. Through the magic of options I lowered my cost on CLF to .52/share on 400 contracts. Sold @10.40 for 1,900%. You can do the math for yourself. I've ridden dogs like Sunedison and thoroughbreds like NVDA and BABA.
Anything below 7 is a great buy. Going back to 10 in Nov
Cleveland iron ore
Does anyone know why MSB jumped so much today? They are connected to CLF very closely, but obviously CLF did not go up 15%. I read the seeking alpha article, but I can't imagine it caused institutional buying to such a degree. I would love to speculate that this could be a good omen for CLF because they both sell the same iron ore. Anyone have a better idea, please let me know. thanks
Mesabi trust is at an almost 3 year high. It pays it's dividend out of royalties from sales to clf I believe. Any ideas on why a trust paying so little in dividends is making such a major move? Expected increase sales to CLF? Any ideas?
Good time to add some more.
CLF mgmt. keep focus; debt reduction and higher low cost production. Investment banks need to be kicked out. Probably get a complaint over that. They can suck the blood out of a company, just don't mention it.
Wow ..someone has got nothing better to do in his life today but bash inexplicably.
Buying in now to load back up. This is awesome and only about a month before great earnings announcements coming
Thoughts on this stock for tomorrow. Up or down?
on Monday, the sp was up while daily short ratio was in 30% range. Yesterday the sp was down while the daily short ratio was 57+%. It is so obviously the shorts are playing clf sp. Why shorts are playing clf? Because it has only about 2 bil market cap while X has about 4.5 bil market cap. To manipulate a sp, they need a few percentage of the money of the market cap. The smart shorts have left clf and less smart shorts don't have that much of money, about dozens of million.
Its a great time to buy CLF now at this low low price before the earnings are out. Q-3 earnings are only 4 weeks away from this Monday and it will be great.
how old is LG? My guess is in late 50s. So, clf may be a company he wants to retire from or end stressful work as a CEO. If this is true, the best way for him is to sell the company when he is considering a less stressful work. In that case, he can cash all his 3.5 mil shares without causing market fluctuation. If clf has HBI in 2020, it should be easy for him to sell it for $20.
For those who might be interested, here is a current SA blog about a CLF supplier
Mesabi Trust - Why I See 80% Upside To Conservative Fair Value
Forward yield estimate now 17% and P/E is 6 - an unsustainably low valuation. Implied ore pricing up 55% year over year and 18% above fiscal 2011, a banner year
i gotta get off these boards im convinced there are very few who know what they are doing....there was a fed meeting and janet yellen is having a press conference as we speak yet people are asking why the markets moving...this is a retail investor board so im out...good luck people youll need it
More good news but the stock continues to do nothing. What is the deal with this stock. It was doing well before last week.
Wall Street analysts covering Cleveland-Cliffs estimate revenues of ~$2.4 billion in 2017. This implies growth of 14.7% year-over-year.
Don't worry brain dead judge and politicians will give them another extension
5.5 million shares traded today, extremely low.Lowest in months. MMs not doing their job
LG bought another 100,000 shares in the open market on 9/15 at ave price $7.11..... I am following his lead an buy buy buy