Re: Cliffs Has Hit New Lows
in response to
by
posted on
Jun 28, 2010 04:21PM
Edit this title from the Fast Facts Section
I hear you Wishing.
But
Cliffs has no fuduciary obligation to the shareholders of SPQ or KWG!
Fair has nothing to do with their buying out a company. It is a market driven deal.
If you go to the local Chevy dealer to buy a Malibu. Do you tell the dealer your willing to pay more for the car than it is worth in to open market because you know that GM is in tough times and they have been building cars for 80 years and in fairness they deserve to earn more on the car?
You own 3000 Cliffs shares.......which is a lot!
When they buy one ....or both of the jrs. you will still own a part of the blue sky and the profit potential. Maybe to a larger extent your future is bettter with Cliffs than with the Jr.
I also owned KWG. I sold to buy GNH and I've made more there than kwg and spq combined. If someone comes along and makes a fair offer, I will take my profit and find the next oportunity. Never , ever let emotion get involved when you are in the market.
You will lose every time.
sorry, but that is the reality of all the exchanges. for one person to profit there must be another who loses. Is that fair?
Maybe not, but if you are in the market you need to know that!
........Carry