Cleveland Cliffs Inc (CLF)

[Nebuchadnezzar]

you must be brilliant, short a stock that has PE of 6 to PE of 5

ok. well everytime it has fallen to under $6 I have bought 1000 shares





the short thesis for this stock is really growing old but its helping me build a solid position in the stock and once it starts paying a dividend in 18-24 months, wall street and that idiot Gordon Johnson will looks like buffoons.

that daily chart sure looks like it want to spring up, not down, just my humble imo, but I will be there at the bid should it fall to $6

CLF is basically an option now and will be safe investment once the market rolls over.

Trade war, rising oil prices, don't forget the implications of Saudi Aramco if it goes public, a lot of money will flow out of tech to buy, actually a lot of money period will flow out to buy that one. If GOLD and oil spikes even in face of rising dollar and rate hikes, then you know the market will be in big trouble, and I haven't even begun to factor in the con that is crypto "currency"

enjoy the ride, its going to get real bumpy