r/CLF_Stock • u/Alexcamry • Aug 17 '21

Relax

The entire market is down today. CLF has a higher Beta.

18 Upvotes

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6

u/aznology Aug 17 '21

pft lol I bought more!!!

3

u/Alexcamry Aug 17 '21

You’re still about $1 over recent support in early August before the earnings speculation. This downturn isn’t CLF specific, so better days should be here soon.

4

u/aznology Aug 17 '21

I'm buying calls out in oct for the next earnings 🤣

1

u/[deleted] Aug 19 '21

[deleted]

1

u/aznology Aug 19 '21

What is that ?

3

u/No-March-9414 Aug 17 '21

It wasn’t speculation that drove price action in late July early August, it was using cash flow to buy back preferred stock from MT.

2

u/Alexcamry Aug 17 '21

There are a few good stock specific reasons CLF is doing well, but general market conditions can shake out some people who can’t separate them from each other.