inanis_

$CLF metals get a bounce as market steady & value catch-up

Long
inanis_ Updated   
BATS:CLF   Cleveland-Cliffs Inc.
Cleveland-Cliffs the steel producer looks cheap here. CEO has been working to reduce the blast furnace emissions which gets them a lot of praise. Cleanest steel produces in the world. CLF is vertically integrated and the fact it produces its own ore is huge. May acquire US Steel before year ends which would give this company a lot of power when it comes to the steel market. Looking for at least 18 in the short-term.
Trade active:
Quite a run. I am raising the stop on this trade to any close under 17
Trade closed manually:
Took the profit on CLF. Nice trade

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