lowtrade

[lowtrade]

You are a daring young man, aren't you. Company fundies aren't bad and a 7% divvy is actually great. But you just missed it AUG 15. Mostly the industry sector sucks big time. And as you say, 37% short. There is a good reason for that and that it just broke south out of a 9 month down channel. Iron prices continue to decline and China isn't buying any longer. And a new downgrade.

Chart
http://www.finviz.com/quote.ashx?t=CLF

55 of 65 companies in the red the last 6 months.
http://www.finviz.com/screener.ashx?v=141&f=ind_industrialmetalsminerals&o=perf26w

Some times things don't bounce.

Good luck