Cleveland Cliffs Inc (CLF)

[greasemonkeyshoes]

Only certainties ahead...........
are more uncertainties.

Reflection:
*Q3/Q4 numbers were front loaded to Q3(non-reccuring expenses that is) to provide EPS ammo to squash shorties in Q4;
** Buyers of the 12,200 contracts knew the plan back in 12/19/2016 if not earlier,a bit off on purchase timing,and definitely are pros: well informed and well heeled,and a bit sloppy with too much dough;
*** Volatility layered on top of momentum,whiplashed by IO future prices, ......... more WWWWWoowwww and OOOuuucchhhhhhhhh are the only certainties ahead.

A bit more about the big option trades:
clf post #2419 12/19/2016:
"CLF: 12,200 April 13 calls were purchased for $0.72 to $0.82 against open interest of 556 contracts."
or
he paid $0.94 million using $0.77 as the ave price.

ps-when the price is manipulated,no one knows the short term outcome;but I am confident the stock will do well in 2017/2018.
"market is a voting machine short term and weighing machine long term" Buffet

ps2-BIG QUESTION: $$$$$$$$ under LG's sleeve for cap x(APIO?) and which acquisitions(or show off to the BK judge clf has $1-$2 billion bucks AND ready to go before the next deliberation)????????