AK Steel (AKS)

[Saving Grace]

Shorts have been covering quickly. This went from 30% shorted to 6% already. The only thing I see falling apart is the frivolous suit proposed to shareholders by the wall street banks one who has been shorting this to death hoping for BK.

Well they guessed wrong and are going to get burnt again if they think they are smarter than the CEO of Cliffs. This acquisition wasn't done in haste and drummed up overnight.

https://www.virginiamn.com/opinion/our-views-where-iron-range-mining-needs-attention-from-the/article_1b8bb904-05c3-11ea-879c-d3700c32356e.htmlbad