Replies to post #3686 on Cleveland Cliffs Inc (CLF)

[Saving Grace]

Right on and HBI plant will be operational year around and we will have a place to stock pile so 1st quarter will never see a slump again because of shipping on the great lakes. Plus a new extended lock is being installed in Sault Saint Marie so the flipping days will be over especially paying a dividend.

Once every 15 to 20 years the commodity takes a hit, but no longer with this game plan. Lorenco Gonclaves deserves a round of applause.

[sts66]

Short squeeze yesterday, but it's not over yet - 41M shrs were short before yesterday, 16M covered, but 8M new shorts were minted (covers = total vol - short vol) - this is short activity only, as total trading volume was a whopping 52M:

Aggregate Short Volume Data Reported to FINRA

Date Short Volume Total Volume Short Percent
07-20-2018 8,657,047 26,124,034 33.14%

That still leaves 23.7M shares short, which is odd - haven't closed this high since Feb. 2017 - must not cost a lot to pay interest on those shorted shares - and they'll rue not covering IMO, don't think CLF is going back to the $6's or $7's.