Cleveland Cliffs Inc (CLF)

[realfast95]

Jim Lebenthal, bless his heart, has been on a severe losing streak.
I follow him on twitter after watching him on CNBC Halftime, for some time now.

He got $CLF right on the last earnings, but it was short term value.
it sold off within days. And he never said to sell. It's down, what 40% since. That's a disaster pick for him.

The quotes from Friday noon, were before we knew what was in the trade deal. I didn't see anything relevant in the deal, or at least directly. But Jim Lebenthal would have been wrong anyway. $CLF benefits from the tariffs that is in place to punish China.
Indirectly it benefits farmers who buy farm equipment made of steel.

Jim Lebenthal's other disaster pick was $VIAB and $CBS down 30% since the merger announcement he pumped.

Jim Lebenthal was a big winner in $ROKU. But then he sold it in the $50's or $60's because of unrealistic valuation. $ROKU is at $121 and that is even down from $176.

There isn't any infrastructure deal on the horizon.

The unusual options I posted the other day expired on 10/11 and the option traders made big money.

$CLF is still tracking Iron Ore. And they need the $GM strike to end quickly. $GM had 90 days inventory. And we are over 90 days, I believe.

Friday's up day may ware off because there wasn't a Big Deal.
However my guess is we will trend up, because there wasn't bad news announced either.