• Paulo Santos
    CLF will drop more today than what it's dropping right now in pre-market (-1% or so).
    9/20/12
    Reply (11)
    • wigit5: I think we have seen a bottom though at 32$ would you agree? I'm going to buy in if we see 35$ again the dividend is really nice and I think
      9/20/12
    • wigit5: safe for at least the next year or two.
      9/20/12
    • Paulo Santos: Don't know, CLF is vulnerable to the kind of fears that hit Fortescue, due to its higher costs, so if iron ore drops enough it's possible...
      9/20/12
    • Paulo Santos: ...that such fears take place.
      9/20/12
    • Paulo Santos: Anyway, this was just regarding today. Steel had the biggest drop "ever" in China, so it's a certainty that CLF will be hurt today.
      9/20/12
    • Paulo Santos: -4.7% .. there.
      9/20/12
    • HackFab: Closed my short position out. Ready to go long again.
      9/20/12
    • Paulo Santos: Iron ore will probably take a large hit tomorrow, so it might be ill-advised to go long today.
      9/20/12
    • HackFab: Not today. More pain to be felt, for sure.
      9/20/12
    • Paulo Santos: Still, the drug addict market is holding pretty well considering the news and how much it went up before.
      9/20/12
    • HackFab: Owning CLF is akin to driving an old car down a dirt road: Potholes, Dips, Whoopties, and Washboards.
      9/20/12