Cleveland Cliffs Inc (CLF)

[Rocky3]

"Consequently, I don’t see any reason to be in a hurry to sell at $95 when I’m likely to get a commission-free $100 soon (within 18 months in any event). "

Generally I agree. But once it gets down to 10% YTM or lower, I am more comfortable with other (longer-term) investments that yield an equal amount or more. Everything depends on one's perception of relative risk. I think that CLF is one of the higher risk investments. I invested in '18s because I thought that could get equity-like returns. If it yields fixed-income returns, I'll look to other investments. JMO.