We agree regarding SA thus the first sentence of my post.
I still think you/me need to be cautious in this market. Reminds me too much of the action in 2008.
Yes the events are different but the results may not be. Remember when leveraged companies like Ford got driven down to extremely low levels? Ford down to $1.00.
I am not saying your thesis is wrong but be very careful with the debt load CLF has.
This week ZINC got more than cut in half because they are late on there January payment.
Have any of the big name investors taken a position in CLF yet?
Are the charts CLF has not put in a bottom yet IMO.
The bursts in the stock price pre and post 2008 were exhilarating. But there were some pretty long periods of nothing look at the monthly chart for perspective.
Nobody can predict the future. But commodities in general need better prices.
Regardless the issue is the price of iron ore. Without an improvement CLF can't turn around. I closed my position this week, too cheap, but I think it's going lower. I think the world economy as a whole is in for so trouble over the next few months.
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