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Re: Saving Grace post# 2993

Thursday, 07/27/2017 3:19:11 PM

Thursday, July 27, 2017 3:19:11 PM

Post# of 8617
Oh, you mean this stuff about LG's stock purchases? Didn't think this was that big a deal:

http://www.crainscleveland.com/article/20170504/NEWS/170509896/cliffs-natural-resources-challenges-veracity-of-axiom-capital

This part isn't exactly untrue, although he did take a personal shot at CLF, so I can see why you think Axiom/Johnson was supporting shorting the stock - OTOH, can you name me any stock that doesn't have analysts writing both pro and con opinions about them?

Johnson's column was headlined "Why Iron Ore Stocks Are Attractive Shorts," and it carried the subheadline, "Axiom Capital says waning demand and record inventories will be a nightmare for iron ore prices."

In the interview, Johnson said he believes iron ore prices "are heading substantially lower" due to oversupply and other fundamental issues in the market.

Shares of Cliffs are down more than 25% this year; the company's stock was trading at $6.35 a share at 3 p.m. on Thursday.

Johnson said in the interview that he expects Cliffs stock to fall below $2 this year.




And Axiom's article in question didn't just target CLF, also mentioned FMG, RIO, and X :

http://www.barrons.com/articles/why-iron-ore-stocks-are-attractive-shorts-1493883380

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