If you missed this one today, there may be a 2nd chance tmrw as CLF announced pricing a public offering of 55M common shares right after market close. The offering price is supposed to be at 10.75 if I see it correctly. This is a tremendous offering given the fact that there is a total float of 215M.
However, due to the impressive earnings and good outlook, I see this as a 2md chance to enter the stock. may even be lucky to get it a few dimes below that price as market often tends to overreact.
I see this stock having potential to run till 16 or even double from here if commodities prices remain strong which I assume. logged some in after market as well at 10.87
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nice follow thru with break of the former upper trend line. This looks to me like a trend acceleration. my position is averaged to 10.92 and I'm looking to add.
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reduced some today at 11.70
Trade closed manually
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bought a few back this am around 11.90 and then sold it all for 10.67 for a nice gain. Good that I reacted so quickly because it would have taken out my stop otherwise.