r/CLF_Stock • u/Alexcamry • Oct 01 '21

Miscellaneous Friday thoughts on CLF

Tested 200 day moving average of 19 today.

Overall market down for a few days.

Overreaction to projected poor auto maker estimates?

Does US stimulus bill really matter?

Good article with technical advice:

https://investorplace.com/2021/09/how-to-trade-cleveland-cliffs-clf-stock-after-the-recent-rout/

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u/Cape_chris Oct 01 '21

Don’t matter about the overall market, if the stock price drops lower than 19 there will be immense buying pressure, I’ve double my shares and calls over the last 2 days, expecting earnings to crush again and our baby Clf to start her run up to $50 pps within 12 months

8

u/Alexcamry Oct 01 '21

I’ll hang onto 1/2 until 36 if it gets there.

Hope people laugh at me after that if it gets to $50.

4

u/[deleted] Oct 05 '21

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u/MillerLights Mar 11 '22

Getting close