is...(Never argue with fools. They will drag you down to their level and beat you with experience.)
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$CLF 471,200 share buy at $1.98 to end the day.
$CLF Major Accumulation here, Power Hour is going to be nuts.
Shorts have to let her go to slow volume down otherwise they are cutting their own throat.
Shorts are in trouble here and they know it.
Gapping up a dime does some strange things for shorts.
I loaded more on the pull back at 1.95 as I am afraid that we will never see this below 2 again, very shortly.
There is currently way too much happening on the Mesabi Range and CLF Cliffs Natural Resources is directly in the middle of all of it and able to access more pay dirt with the moving and relocating of several interstates and trunks for Cliffs to gain access to these sites.
Shorts have to cover quicker with increased volume like this and the daily Avg. increasing.
That gap has to fill, one would think. I'm looking for any news and find nothing except Quebec supporting the Bloom Lake sale.
The full moon is the only thing I see causing this to run.
Anybody else have any insight?
I've Been out a while after making those calls. No hard feelings if I steered people wrong and I apologize for that as I was buffaloed by Danos himself. I truly thought the Rosalia deal was a go.
Oneman was right and right about a lot of things which I do admit and I am just a trader and have absolutely no ties to Danos what-so-ever and never did. I called him though once and he steered me wrong as I later did confirm that he was full of Sh it which he was indeed a liar.
I kept a few million for a luck bet after dumping the rest last year for a write off.
I still check in on it now and again but nothing serious is happening that I can see to even post about.
Besides, Oneman still has an eye on it here and if anything happens here, I'm sure he will be on it and telling it like it is.
Peace <><
Highway 102 is the fourth highway in the region to move — or in the process of moving — to support expanded mining operations. Highway 53 in Virginia is being rerouted for expansion of United Taconite in Eveleth. County State Aid Highway (CSAH) 70 near Babbitt was moved for North Shore Mining and CSAH 5 near Chisholm is moving for Hibbing Taconite.
“It’s a fine example of government working with industry to move forward on projects of importance,” Sutherland said. “Its critical to the success of our efforts.”
Cliffs to expand mining operations, St Louis county MN.
A resolution adopted last week supports the reroute of County Highway 5 via County Road 136 to Trunk Highway 73 by use of a roundabout.
Cliffs Natural Resources has requested that a portion of Highway 5 be abandoned to allow for future mining and economic viability.
A motion by Councilor Todd Scaia, seconded by Councilor Tracy Campbell to adopt the resolution in support of the roundabout passed unanimously. Councilor Steve Cook was absent.
On a side note, the Mountain Iron City Council adopted a resolution in support of the Highway 84 reroute during its Jan. 20 meeting. The Virginia City Council had earlier adopted a similar resolution.
Minnesota Power to refund customers!
All customers, from giant taconite plants to small apartment renters, will get something. The amount will be divided by the type of customer (commercial, industrial, residential) based on how much electricity they used during the coal shortage periods, generally between Oct. 2013 and Feb. 2014 and again from July to November in 2014.
CLF on the move insider trading.
http://cwruobserver.com/2016/02/18/on-the-move-insider-trading-cliffs-natural-resources-incorporated-clf/
$CLF Time to pump up volume on shorts and make them cover quicker.
Notice when shorts attack, they do so early in the session so they can do the most damage without raising the volume to much where they have to cover quicker.
They purposely back off to keep the daily volume around 4 million without going over and up to 5 million. By staying at 4 mil they can keep the days to cover between 13 and 14 and if it went to 5 and stayed there, they would have to cover in 7.5 days or around that.
Shorts are going to get squeezed regardless but a little more volume couldn't hurt to move it along.
$CLF $520 Million contract extension till 2022
https://www.businessnews.com.au/article/BGC-in-520m-Cliffs-extension
When banks are buying CLF, we are in excellent shape and in the right place at the right time.
I love it when banks start buying my picks. It's more money in the bank.
I agree, and why I'm just playing with my stack for small amounts and not getting to serious about the game and risking a bundle on it.
We broke through resistance easily yesterday before the shorts hammered it and they really loaded the ask when it was coming back at the end of the day to prevent a sure break.
RSI still up there at 69 after yesterdays trading.
http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000CLF-&SF:1|27-SH:27=10-BG=FFFFFF-BT=0-WD=635-HT=395--XTBL-
I seen the RSI at 72 yesterday and was tempted to drop 1000 at 2.08 but waited as the Presidents signature is going to send this screaming on the senate bill that passed and could happen any time.
Then I seen it up to 74 this morning and just knew is would come back down with price without news so I dropped that 1000 this morning at $2.15 as I'm just playing but still a little nervous in getting them back if I sold for a flip.
But sure as the RSI commits it pulled back and I picked up 1100 at 1.935 for even money.
I wish I had the balls to do that with 10,000 as I would have earned 1000 shares on even money in a single days flip.
Just playing it safe and not getting too greedy but the opportunity did present itself again with this one and the RSI was right on again.
Essar Steel going out of business fire sale!
Essar is now under Canadian Govt. liquidation orders.
https://www.sootoday.com/local-news/essar-steel-algoma-starts-sale-and-investment-process-196424
The short manipulation is obvious with U.S. Steel up a buck and ArcelorMittal up .30 for a 10% gain.
It's funny as seaborne ore is also up and now in a bull market when that was the hedge funds excuse for shorting this to hell.
The leading excuse is up seaborne ore is soaring and CLF goes down. Go figure if that isn't manipulation, what is.
CLF was up on low volume the past 2 trading days and up on volume when shorted shares come back in the picture like today.
I picked up more on the swing so I can't really bitch before the big news arrives and idled mines go back on line with a new pellet plant in Hibbing and Steel partner in Cleveland. DRI is 60% of the blast furnace market and Lorenco is taking a big piece of that pie as boots on the ground already know. That support alone is what is keeping us above Deutche Bank predictions who is failing miserably on their own.
Cliffs has come a long way and Hedge Funds have seen nothing yet as Cliffs will continue to dominate the domestic markets like never seen before.
Believe it or not, iron ore is now in a bull market.
http://www.businessinsider.com.au/the-iron-ore-price-continues-to-climb-2016-2
$CLF Steel manufacturing sector sky rockets on passed legislation. While CLF Shorts ATTACK with entire sector on fire!
Shorts are in trouble!
U.S. CONGRESS CRACKS DOWN ON TARIFF-DUCKING STEEL DUMPERS
http://www.viscloskyforcongress.us/news-clips/congress-cracks-down-tariff-ducking-steel-dumpers
CLF Cliffs Hibbing Taconite Company hiring!
Pellet Plant positions with HTC where ArcelorMittal is our partner along with U.S. Steel who has a 15% interest.
ALL STOCKS ARE RUNNING UP!
Hibbing Taconite Company
Pellet Plant Supervisor Operations
https://www.glassdoor.com/Job/pellet-plant-operator-jobs-SRCH_KO0,21.htm
Along with many other positions.
http://jobs.cliffsnaturalresources.com/hibbing-jobs
It's on Boys! We are going back on line very soon!
Every night!
Now I lay me down to rest, With all my stock certs on my chest.
I pray Loerenco will do his best!
Great call! I thought of you the minute I seen that release.
It's about time that the cards start falling in your favor hey
And on the long haul, it's money in the bank.
Customs Bill Passes Senate, Promises Stronger Enforcement of Trade Laws.
https://agmetalminer.com/2016/02/11/customs-bill-clears-senate-promises-stronger-enforcement-of-trade-laws/
Steel already up $40 per ton with Cliffs customers.
http://ih.advfn.com/p.php?pid=nmona&article=70390747
MT moving up!
http://ih.advfn.com/stock-market/NYSE/mittal-steel-MT/stock-price
The entire sector is up because of this legislation that Obama said he would sign and not one article about it! Where's Barrons, Seeking Alpha, and Market Realist now? Shorts are in deep and in big trouble here and we can barely tell with the silence. LoL
It's game on Boys and we made the turn! Trend reversal is confirmed!
$CLF Huge Revelation! Legislation PASSED!
This is huge people! HUGE!
US iron and steel manufacturers welcomed the new legislation, saying it would stop overseas producers evading import duties by shipping goods through third countries and “dumping” them on the US market.
I thought the same and that it should be in millions with three more zeros on each amount not thousands.
In the short report it's millions so I think the writer screwed up.
http://otcshortreport.com/index.php?index=CDII
$CDII Short Interest Increased By 125.79%
Shorts are in trouble! But thanks to the shorts, we were able to still get shares on the cheap before lift off.
Notice that even though this was shorted heavy, the stock still closed green. Those short positions had better cover and fast.
http://www.fdanewsalert.com/cd-international-entrprises-otcmktscdii-short-interest-increased-by-125-79/859881/
As demand picks up, Goncalves said his company remains uniquely positioned to meet it, noting its reduced production cost and its newly acquired ability to produce specialty pellets to make directly reduced iron for use in the electric mini-mill steel sector.
Squeaky wheel gets the grease. Let the cycle happen Captain!
Not even close to being true. LoL!
Maybe shorted a trillion and a scared bunch are going to scramble.
With FINRA watching short sellers and positions with the Regulation M in action for selling away, I would be optimistic about this one.
http://www.otcmarkets.com/stock/CDII/profile
I reported the short "selling away" to FINRA so broker dealers trades will be tracked. Selling away is illegal and the shorts are now under the radar for being so obvious about it.
Short sellers are in trouble!
It gapped up which is typical for a stock being shorted this heavy as it should not have been at 3 in the first place.
Then on FRI the gap filled! And even though it was again shorted, the stock still went up to positive gains meaning the shorts are having trouble holding it back with the buying pressure.
This has been under a short attack and you can't keep a good stock down for long.
CDII is going to pop and is just a matter of time.
Massive Short covering. That's why I'm here, to get a piece of the action when she lifts off as time is running thin.
The writing is on the wall and shorts know it.
Check it out here and you be the judge.
http://otcshortreport.com/index.php?index=CDII
BTW, welcome to IHUB for your first post ever.
What peaked your interest with CDII?
$CLF Banks and Investment Advisers buying heavy!
AGGREGATED AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,072,826 5.3% common stock
BY SIGNING BELOW I CERTIFY THAT, TO THE BEST OF MY KNOWLEDGE
AND BELIEF, THE SECURITIES REFERRED TO ABOVE WERE ACQUIRED AND ARE
HELD IN THE ORDINARY COURSE OF BUSINESS AND WERE NOT ACQUIRED AND ARE
NOT HELD FOR THE PURPOSE OR WITH THE EFFECT OF CHANGING OR INFLUENCING
THE CONTROL OF THE ISSUER OF THE SECURITIES AND WERE NOT ACQUIRED AND
ARE NOT HELD IN CONNECTION WITH OR AS A PARTICIPANT IN ANY TRANSACTION
HAVING THAT PURPOSE OR EFFECT.
Luck has nothing to do with it. Like I said, I am not here by chance.
China’s Top Leadership Driving Steel Output Cuts, Cliffs Says – by Jasmine Ng (Bloomberg News – February 2, 2016)
Steel production in China will extend declines this year as the country’s top leadership has endorsed a concerted push to cut back on overcapacity in the country that accounts for half of global supply, according to the head of Cliffs Natural Resources Inc.
“If the central government has said they want 100 to 150 million tons of steel capacity shut down, they may not get that much but I’m sure they’ll get some,” Lourenco Goncalves, chief executive officer of the largest U.S. iron ore producer, said in an interview. “It’s a decision and it’s a task force led by the Premier Li Keqiang, who’s the number-two guy.”
China’s leaders have vowed to reduce excess capacity in state enterprises including steel even as they battle the slowest growth in a quarter century, announcing targets last month to shutter more factories and help workers cope with layoffs.
The excess supply of steel from China has spurred a global glut, hurting prices and devastating profits for mills from Europe to the U.S. Cliffs’ operations include mines in Australia that ship ore to customers in Asia.
“China has been acting during the last few weeks a lot more responsibly, at least talking a lot more responsibly, about what’s going on,” Goncalves said by phone on Monday. “For the foreseeable future, steel production in China will continue to stabilize and trend down.”
I seriously doubt that as MM's do not work as a team like one would think when they have to cover their own neck. It's every man for themselves how they cover their own short positions and wait for nobody.
I've been in similar situations before and am just telling it the way I see it and how it is in reality.
The only reason why I am even here is because I seen it on the short report building where many turn and run while I load, turn, then run.
This will pop in time as the heavy shorting is to cover quickly. With the report coming, this could go any day.
Well when it was 40% shorted yesterday and going up each day, it's pretty hard saying it's anything else.
The facts are as clear as a bell.
http://otcshortreport.com/index.php?index=CDII
They are consolidating as many shares as they can get to cover as fast as they can when a stock is 40% shorted.
The same MM's pulling will be the same pushing as it all works out in the wash while retail can get the best price because of it on the low swing.
$CLF more coverage and increased positions!
(i) G1 Execution Services, LLC
(ii) Susquehanna Investment Group
(iii) Susquehanna Securities
The information required by Items 4(a) — (c) is set forth in Rows 5 — 11 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. The amount beneficially owned by Susquehanna Investment Group is comprised of options to buy 112,200 shares of the Company’s Common Stock. The amount beneficially owned by Susquehanna Securities includes options to buy 3,370,900 shares of the Company’s Common Stock. The Company’s quarterly report, on Form 10-Q, filed with the United States Securities and Exchange Commission on October 29, 2015, indicates that there were 153,422,672 shares of Common Stock outstanding as of October 26, 2015.