Replies to post #594 on Cleveland Cliffs Inc (CLF)

[vinnybotz]

been loaded in puts since june. this was a no doubter to tank. $5 and lower is a definite bud...

[Nebuchadnezzar]

but something doesnt add up here.

stock falls to $12
board is taken over (hostile takeover)
stock shoots to $18 (short squeeze??)
announcement of $200 share buy back
stock sells down,s ells down
downgraded, other macro news, market sell off CLF falls big
today IN THE $8's???

trading like a dividend cut..but cant be right?
assets are 2x liabilities

something smells here