BUY! DIVIDEND REINSTATEMENT COMING! 250,000 SHARES LONG!

$230 MILLION IN ASSETS SOLD

$85 MILLION IN EXPENSES CUT FROM THE CLOSUR OF ITS AUSTRALIAN OPERATIONS

Cliffs announces redemption of 2020 notes

OVER $600 MILLION OF FREE CASH ON THE BOOKS

I HEARD THE COMPANY COULD BE GETTING READY TO REINSTATE THE DIVIDEND!

C.E.O COMMENTS...

“In addition to reducing our total debt, this redemption brings us one step closer to being in a position to return capital to our shareholders”.

WEEKLY CHART - INDICATORS ARE BULLISH INCLUDING ACCUM/DIST, ON BAL VOLUME, STOCHASTIC AND MACD...

DAILY CHART - STOCK LOOKS READY TO BLAST OFF..!

MONTHLY CHART - IF THE STOCK CAN CLOSE ABOVE $14.50 TO $15, IT SHOULD RUN MUCH HIGHER!

ON JUNE 2, 2008, CLF HIT A HIGH OF $105.96 PER SHARE

NEWS FORTHCOMING!

LONG: 250,000 SHARES

PRICE: $10.25

Trade closed: target reached:

OUT

SELLING INTO EARNINGS

WE THINK THE STEEL INDUSTRY WILL CONTINUE TO BOOM LONG TERM

WE CANNOT TAKE ANY CHANCES WITH CLIFF

SOLD @ 11.97 (Average Cost)

PROFIT: $430,000.00

Trade closed manually:

OUT

SELLING INTO EARNINGS

WE THINK THE STEEL INDUSTRY WILL CONTINUE TO BOOM LONG TERM

WE CANNOT TAKE ANY CHANCES WITH CLIFF

SOLD @ 11.97 (Average Cost)

PROFIT: $430,000.00