CLIFFs Spent some time on this one. It's a dame oxymoron, LOL Very interesting on maybe 6 levels. Yet price dives on zero negatives.
Kind-a makes one say why not enter? At least play dividend capture and hope for a flag break... The market has to be wrong! But the market is never wrong. It must be me that's wrong.
Seems there is an entity short, who plans to kill this company at any cost. And their buying it down to oblivion. Reminds me of Overstock.com years ago.
With the positive dividend increase & special divvy announcement Aug 3, one should see buying, as the ex-date is only days away. But NO, gap down yesterday and lower today? There goes the buying!
It will probably be a good lesson on don't fight a large short. I have a (non chart pattern stock) with over 10% short RULE. That it should not be bought.
This one has a pattern, but still, I'll acquiesce to 33% short and just watch.
Maybe TRUMP will tweet about how he's going to save the steel market again. After it's weakness on the first BS tariffs.
