Replies to post #3268 on Cleveland Cliffs Inc (CLF)

[jbog]

After my perpetual dissing of CLF I think its time has finally arrived. I have a considerable chunk now.

See you in the mid teens.

[sts66]

You must have a wide following, Dew - CLF up +10% today on no news that my trading app can find! Actually, entire market exploded upward today - although the major indexes aren't showing it - everything I own in my 3 accounts is strongly green today - if this holds to the end of the day, it will be the biggest one day gain in my IRA since Nov of 2016!

[DewDiligence]

In case no one noticed—CLF is trading slightly above the $8.17 (initial) conversion price for the convertible debt. This is noteworthy because some people opined that the $8.17 conversion price would act as a ceiling on the share price.

[DewDiligence]

CLF 4Q17 results:

https://finance.yahoo.com/news/cleveland-cliffs-inc-reports-fourth-130000635.html

I’ll have more to say after the CC at 10am ET.

The stock is currently +9%.

[DewDiligence]

The 2017 10-K has been filed:

https://www.sec.gov/Archives/edgar/data/764065/000076406518000035/clf-2017123110xk.htm