siris...(put something here)
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Dick Bove is a contrarian indicator like "Jim Cramer". He trades on his public comments & opinions. Just do the opposite of what he says to be a success. If you follow him, you will end up being a sheep in his slaughterhouse. They don't call him "Dick" for nothing; he truly is one.
Very obvious Warner was pushing Mnuchin to see things his way about wiping out shareholders in the hypothetical situation they were discussing, but Mnuchin was not prepared to give in.
For those who knew dgplexus - smart, young, very active FnF shareholder, taken from us too soon - here is a very touching YouTube memorial
For a person who has been a GSE shareholder for a very long time and active on the message-boards (Yahoo, here and elsewhere), his disappearance is very strange & ominous especially at this juncture when we are close to resolution. Lack of news from him feels so much like Dan (dgplexus) Xtropian's exit last June https://www.facebook.com/dan.xtropian due to a heart attack. Dan was very active on Yahoo and timhoward717, and a very knowledgeable guy.
I did a search on Google and found Rick's FB page https://www.facebook.com/profile.php?id=100007471456456 His last post was on March 21st. His last post on IHub was on March 19th. His FB page says he is from Ashburn Virginia. I wish he is safe and we get to know what has happened to him.
On the 3 day rule:
Be aware that after you sell, you can turn around and buy back before the 3 day settlement but you cannot sell again till the settlement.
I am with Charles Schwab and I am able to do what I have stated. Check with your broker.
Sammy Boy, time for some "Dirty Deeds Done Dirt Cheap" to take care of these thugs
Dirty Deeds Done Dirt Cheap
One would think these ppl promoting prf vs common are very considerate helping dumb folk with their investments. In reality though and sadly too, crooks #1 trying to get ppl to sell so they can scoop commons at a lower price. Folks, stay strong and long and be patient for the reward. We have come a long way from 2 years ago and now is not the time to waiver.
Urgent request to all longs: Please get on twitter and retweet the following tweet. Need to get POTUS's attention ASAP
NY Clergy to POTUS: GSEs & small banks help our communities. Abandon plan to hand their business to TBTF banks!https://t.co/xRZmAYeXfB
— Rev. Carl Washington (@revcwashington) March 27, 2017
Court ordered damages for YUII Shareholders could be a reality
I received a postcard in the mail from Michael Sammons the contents of which I have mentioned below. Get in touch with him as soon as you can to get your name on the list being setup to recover damages through a court ordered receivership.
--------------------------------------
To: YUII shareholders
Yuhe International, Inc. ("YUII") all but disappeared almost 5 years ago. However, the operating subsidiaries of YUII in China are still successfully operating, but with all of the YUII profits being diverted to the ex-CEO.
As a result of such a blatant theft, a Nevada court will not hesitate to
appoint a receiver to recover the $130 million in stolen assets. Based
upon other recent successful cases, we believe we have a reasonable chance of obtaining a recovery in the range of $3.00 per share.
If you still own at least 10,000 shares of YUII and would like to recover fair value for your shares, please email your name and the number of YUII shares you own to yuiirecovery@yahoo.com for additional information by September 1, 2016. This is not a class action so only those shareholders who decide to join our shareholder group will benefit from any recovery.
Best regards,
Michael Sammons (200K shares)
yuiirecovery@yahoo.com
210-858-6199
---------------------------------------
At the EOD they short it and keep making new lows for this pullback. Till that stops and we see our first higher high and higher low, which could possibly be the change in trend we are looking for, it is best to sit back and watch. They seem to be hellbent on squeezing the longs and so going down another dollar from here is not far-fetched.
On this pullback it is still making lower highs and lower lows which tells me this is headed to 3.00 or 2.50 in the worst case. I can't imagine it going below 2.50. The shorts are pulling this down with a vengeance may be as retribution to LG's utterance of the words "let's squeeze the shorts" during the CC.
Should have seen this coming. Normally when a company has good earnings it enjoys a few nice up days. In this case the take-down started on the earnings day itself at the EOD and has continued ever since with no letup. This was a totally unexpected relentless take-down - a premeditated assault.
Hope the pain is over. If so, this was a strong pullback with plenty of room to run up
Goldman Sachs raise their iron ore price forecasts
http://news.forexlive.com/!/goldman-sachs-raise-their-iron-ore-price-forecasts-20160506
Hope this helps reverse the drubbing CLF is taking right now.
Do you think we will go below 3.00?
At this rate are we heading for sub 3? This is nauseating after we have had good earnings.
gap is closed but the price has drifted down further on heavy volume. I just hope we are not headed to below 4.00
What was happening at the EOD? Was that accumulation or shorting going on? The volume kept continuously going up, but the price was stuck at 4.25. I seriously hope it was accumulation. There is serious manipulation of this stock from what I see, if not I wonder what it is!
The EOD trading was not what I expected. I thought longs were in control after the earnings and shorts were hard-pressed to cover. Does anyone know what that sell off at the end was all about with all the good news we have had so far?
What is the reason for holding it down at $3.00? Any clues? Very frustrating!
Thanx. By going down today more room on the BB has been made to run up. I think this is all in preparation for the earnings for a serious run north.
Lots of positive things happening for it to be held down for too long
BB midline? What does that mean?
Congrats if it was really you who bought that 3 million chunk at the end. Whoever it is, is going to make some big money when CLF reaches 10 and better still 20.
The activity towards the end was tremendous. The volume jumped by a large amount at the end with a total volume of slightly less than 19 million. Looks like we are gonna have a great week to come. Looking forward to it. AH activity too is very good
Looks like the shorts have soured this rally too. Need so real good news to overcome their control
That was a great start. Cooled off a bit now. Hoping we move higher and break 3.75. With the initial surge in volume I expected it to go a lot higher instead of maxing out at 2.34
Slightly dated article from Oct 25, 2015 but a great read and very relevant to what is happening right now to CLF.
Forget The Negative Chinese Sentiment, Cliffs Natural Resources Could Be One Of The Biggest Turnaround Stories This Year
http://seekingalpha.com/article/3601646-forget-negative-chinese-sentiment-cliffs-natural-resources-one-biggest-turnaround-stories
Volume, sentiment, news - all point north. Looking forward to it.
MMs always manipulate stock movements for OpEx Friday. It is obvious they are holding this below 3.00
Looks like it is being held below 3.00 for OpEx tomorrow. May see it run past 3.00 on Monday if not late tomorrow
Looking good for $4 pop