Re: Taken to the Woodshed!
in response to
by
posted on
Mar 16, 2011 08:10PM
Wow: Just don't know what to say. This thing has been aggressively walked down on such small volume. This happened after the last good pr on borden drill results in January. I am at a complete loss as to what the hell is going on. It's a huge dissapointment, which maybe the desired result. Like most, I will hang on as nothing has fundamentally changed except for the better. I don't believe its one entity responsible for this, just impatience as most thought that Cliffs would have acted by now. Its most likely that the majority of selling has been done by shareholders who got in at the pre fifty cent range and got bored, scared or needed the cash. At some point it will solidify as millions have been traded over the current closing price.
That being said, it is still a pain in the ass to watch this oh so promising company slide while the future keeps looking better.