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Message: Cliffs Natural Resources Inc. Reports First-Quarter 2010 Results

AND That is nothing compared to what Q2 and Q3 will bring. But due to the Q1 items , I expect a big negative spin from commentators and an opening selloff. It was quite amazing that Ford blew the doors off, and yet a couple big banks had ready to go analytics showing the company forward almost moving backwards in volume, sales mix, revenue, costs and margins, and financing costs with no positives at all. I expect something simlar here, citing China collapse, steel mill resistance, etc. etc. Really weak hands will dump as usual although I suspect there are not many weak holders at this point . The strategic and short Hedge money may be happy to try to stall the stock until some kind of negative news comes that can be used to selectively beat up the index. A great buying opportunity to me , but likely for a very short period. This thing has two or three higher gears we have not seen yet plus momentum.

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