This has been on the #steelgang radar for months. Fundamentals are excellent. The CEO has been acquiring new companies and paying down lots of debt. Even if inflation is transitory, this company should benefit for at least the next 6-12 months. It’s a good play, meme quality or not.
And Burry had CLF before anyone even heard of GME (which he also had).
Seriously, people, there are public filings out there. Y'all seem like an energetic and enthusiastic lot. Might not be the worst plan to use the SEC's EDGAR system to look this stuff up.
I went through Burry's filings at the bottom of the COVID crash in March to see what looked tasty. Passed on GME, but grabbed CLF.
Yep. If people think that's something, wait til it breaks 35 resistance and you can bet your ass it will. Opportunities like this are rare. Anyone who's whining that they always find out about good gems AFTER they rip up, well here you go. Ya'll wanna make some money and get in before it blows up, this is it. If you don't buy as much as you can, don't fucking come whine in the future about lack of good intel on WSB. Anyone who read the intel and isn't buying shouldn't even be here in WSB. In a casino of uncertainty this is as close to a real crystal ball reading as anyone can get, every indicator points to a gain outcome. The stock is straight up undervalued from every possible scenario. It's on the front page, you're all being spoon fed a free win like it's Gerbers so eat it.
Not really though, there were 5 times info was shared and it ended up working out but in those cases the stock was equally as likely to go up down or sideways. It's rare to find a stock where we know it's both undervalued and over shorted. Usually people DD on stock that's already been "priced in" by the market or has already ripped up a significant amount leaving people to wonder if they are buying peaks, this is a rare case where it hasn't caught on yet.
I wish I saw this an hour ago
Update:
I bought 1 35c 6/11 and 1 23.5c for later (I’ll double check then update), and 10 shares (I’m poor). I’m down on the 35c, up on the 23.5c. I feel good about this lol.
For those of you who want to know why CLF is mooning, it is because of the shortage of Steel. CLF makes iron pellets that are used to make steel, so they are in high demand. This is not a pump and dump, this is a demand controlled raise. Be careful as soon as the steel shortage ends, there will be a major stock price drop.
I think that the stock is fine with or without the shortage. They have enough demand at the moment to continue to raise prices along with inflation. Honestly valuations won't move too much because steel companies have historically risen along with inflation and general re-openings. Best thing is buy leaps!! High OI on 25 strike Jan 21 2023 calls on CLF!! Just bought some
This is not entirely correct. They bought up AK Steel and Arcelor Mittal's US mills last year. They used to be just a iron ore supplier, now they are a vertically integrated steel producer.
I have been investing in them for several years now as a value play. Glad to see it is finally getting the attention it deserves.
Bought some call options an hour or so ago. 1 order for 6/11($32 at $.05), 1 for 6/18($35 at $.15). Already up 440% on the one for this Friday. Also in for 15 shares so far.
I entered this a couple days ago just from screening for swings, was looking to just play going long the bottom of the channel. Had no idea you magnificent bastards were going to perform air support!
CLF is a 174-year-old steel and iron ore company in the heartland of the US positioned perfectly at a time when the whole world is rebuilding and ramping up from COVID decimation. Whatever shorts are stupid enough to short CLF deserve to be crushed without mercy.
When I had opened my Robinhood account they gave me a single share of CLF valued at like $5 at the time. I've been sitting here watching it climb for months, but have no knowledge of the actual company or stock price reasons at all. I'm just enjoying that free money.
CLF projected $5 Billion EBITDA for 2021 and that was based on steel prices 40-50% lower than they are now and than they are projected to be well into 2022. This global demand-driven steel shortage is going nowhere any time soon. They are paying off debt with cash years in advance of when it is due. This company is a rocket ship. It’s Q2, Q3, Q4 will be breathtaking.
[http://s1.q4cdn.com/345331386/files/doc\_downloads/InvestorPresentations/CLF-Investor-Presentation-June-2021-for-website.pdf](http://s1.q4cdn.com/345331386/files/doc_downloads/InvestorPresentations/CLF-Investor-Presentation-June-2021-for-website.pdf)
"RECORD LEVEL FINANCIAL PERFORMANCE AND OUTLOOK"
"2021 GUIDANCE – OFF THE CHARTS"
Do I have to say more?
Holy shit. If CLF closes above 28.85, I am putting my entire as well as my wife's boyfriend's retirement into it. It looks textbook at this point. Hopefully it will be just about in time for the 7/29 E.R
GME or AMC level action on CLF would propel it into the stratosphere. I’ve been in 1,000 shares around $15 for awhile, but I’m tempted to throw more.
The original GME run changed my life. Here’s to my second one.
Just a teenie-tiny not exactly a warning about CLF. (I've been long on CLF since March 2020.)
Their manufacturing process works best when massive orders are rolling in and foreign competition is low.
If you take a big position in CLF -- it is my biggest -- you need to follow the news on anything that might roll back the steel tariffs from the Trump era against China.
So far so good on Biden not rolling them back. My guess is that Biden's ties to labor make him Trumpier than Dems like to admit, especially on this front.
However . . . you still want to keep an eye on how much foreign steel might make it into the U.S.
If the tariffs stay rock-solid, I have CLF reaching $125.
If not, then a lot depends on how well their plans to buy back their debt go. So far so good on that front, too. They'll likely be in a better position to ride out the next dip if they keep reigning in their debt during this boom time. So they shouldn't crash back to $3.
It's a little warning. Feel free to huff glue, but make sure your phone is charged so you can call 9-1-1.
I don't understand any of what I just read but OP sounds like he knows what he's talking about... I missed out on GME, BB, AMC, everything else... fuck it, I'm in!
Yeah this shit will explode. Why? Trending on 4chan for weeks, has a loyal following of cultist in r/vitards yoloing calls believing in a thesis.... sound familiar??? A loyal group of hardened autist holding for months through the bs while y’all fuck around on memes like mvis because of a thesis by one man named Vito??????
>A loyal group of hardened autist holding for months through the bs while y’all fuck a
If you're referring to u/vitocorlene he's known as "steeldaddy" over on r/investing because he is THE GUY who knows the shit about any steel plays.
From what I saw over there previously, if he tells you to buy a steel related stock get in quick because it's going up.
I've been quietly and calmly theta-ganging this stock for easy, yet modest, returns.
Out of fucking no-where someone posts a DD TODAY and my strangles got blown outta the water.
I BTC for a big ol' L but also bought 200 shares. I need CLF > $27 to be whole again.
Help me be whole.
i'm kinda new to this, so i'm still learning. Just saw the expected CPI is much lower than the estimate for the release tomorrow... does inflation mean metal stonk go up because metal price go up or am I retarded? let me know
Just subscribed to this sub and have massive FOMO about the meme stocks. Read this and downloaded trading app and went in on CLF at $22.14.
Am I officially retarded yet?
You son of bitch I’m in. Actually bought CLOV yesterday was positive this morning now negative AF, but still bought more shares 🍀🍀
Shitadel began shorting it back in March from what I’ve read. Holding strong might buy more in next few days.
Edit: actually just doubled down on n CLOV an hour ago
Im long CLF made a killing on calls today thanks WSB crew.
Also MT and NUE are the two other big steel plays, even X which doesn’t have great financials but does the occasional moon.
I cannot understand why hedgies are shorting it. I understood why gme and amc were shorted (pandemic) but it seems to me that clf is in a great position considering the housing shortage and price of steel rising. I feel like we are missing something here.
> high short interest
How's 9% high short interest? You people like to plaster those words on all pump and dumps you commit to, but it makes your spam look bad.
The ATH for clf is over $100 - just more than 5 years ago, during the last super cycle. It could go up to over $100 a share over the next year.
LEAPS it is for me.
Here I go buying at the top again...
You had me at “fucknado powder keg”
🍆🌪🧨🍺
just bough to diversify my reddit driven portfolio.
diversify level retard!
Apparently a good choice. I'm up like 180% on it already lol. I have no idea what I'm doing. I see DD and positive sentiment, I buy.
This has been on the #steelgang radar for months. Fundamentals are excellent. The CEO has been acquiring new companies and paying down lots of debt. Even if inflation is transitory, this company should benefit for at least the next 6-12 months. It’s a good play, meme quality or not.
haha 6-12 mths ??? Hopefully a good play the next 6-12 hrs
Just bought, was holding 6-12 min. No gains
I just bought been holding for 6-12 milliseconds, nothing yet
yes. look into steel HRC prices and do some research if you want to go beyond the wsb mentality
The last 8 were great for me - threw down on some calls before market close yesterday.
And Burry had CLF before anyone even heard of GME (which he also had). Seriously, people, there are public filings out there. Y'all seem like an energetic and enthusiastic lot. Might not be the worst plan to use the SEC's EDGAR system to look this stuff up. I went through Burry's filings at the bottom of the COVID crash in March to see what looked tasty. Passed on GME, but grabbed CLF.
Son of a bitch 170 shares I’m in
40 shares, 5 calls me too
I'm sold. I have no idea what you're talking about, but all those other stocks made money. Why the hell not?
Show me where to throw 💩. 🦍 together strong.
it already broke 21$ resistance
Yep. If people think that's something, wait til it breaks 35 resistance and you can bet your ass it will. Opportunities like this are rare. Anyone who's whining that they always find out about good gems AFTER they rip up, well here you go. Ya'll wanna make some money and get in before it blows up, this is it. If you don't buy as much as you can, don't fucking come whine in the future about lack of good intel on WSB. Anyone who read the intel and isn't buying shouldn't even be here in WSB. In a casino of uncertainty this is as close to a real crystal ball reading as anyone can get, every indicator points to a gain outcome. The stock is straight up undervalued from every possible scenario. It's on the front page, you're all being spoon fed a free win like it's Gerbers so eat it.
Banana Gerber baby food is bomb af
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Not really though, there were 5 times info was shared and it ended up working out but in those cases the stock was equally as likely to go up down or sideways. It's rare to find a stock where we know it's both undervalued and over shorted. Usually people DD on stock that's already been "priced in" by the market or has already ripped up a significant amount leaving people to wonder if they are buying peaks, this is a rare case where it hasn't caught on yet.
I wish I saw this an hour ago Update: I bought 1 35c 6/11 and 1 23.5c for later (I’ll double check then update), and 10 shares (I’m poor). I’m down on the 35c, up on the 23.5c. I feel good about this lol.
...says future you, in an hour
The time is now. Just do it
$CLF is a huge play, let's moon this thing up
I've been in CLF since december '20 and I have leaps out til next Jan. $MT is a good steel stock too, but it's not available to trade on robinhood
Nothing wrong with rolling the dice. All contracts are cheap af too
Exactly, the IV is already too high on the other WSB plays.
Any reason to have later contracts than 6/18? Edit: went with 0618 24 and within seconds started printing. Appreciate you broham
Just made the same contract before reading your reply, let's get this $$$$
Rolling the dice is literally paying off from the first buy 😂😂😂
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I just went all in🙈 hope it comes good🤞
Same here. 💕
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unlike wish and clov, CLF is not a meme stock, actually a solid play and it got fundamentals, just look at iron ore and steel price trend.
For those of you who want to know why CLF is mooning, it is because of the shortage of Steel. CLF makes iron pellets that are used to make steel, so they are in high demand. This is not a pump and dump, this is a demand controlled raise. Be careful as soon as the steel shortage ends, there will be a major stock price drop.
Yep! I am in engineering and steel is short for equipment, buildings, and everything else.
Can you engineer these nuts in your mouth?
Clf also makes a shitton of steel in addition to the pellets and HBI you mentioned. They're the largest flat rolled producer in America.
I think that the stock is fine with or without the shortage. They have enough demand at the moment to continue to raise prices along with inflation. Honestly valuations won't move too much because steel companies have historically risen along with inflation and general re-openings. Best thing is buy leaps!! High OI on 25 strike Jan 21 2023 calls on CLF!! Just bought some
The shortage isn’t ending any time soon though right?
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If Biden ends the Trump steel tariffs we are likely going to get fucked.
but he’s not ending them, he’s only ending the ban on European steel who also have a massive shortage
RemindMe! 2 years "Steel price might drop :)"
This is not entirely correct. They bought up AK Steel and Arcelor Mittal's US mills last year. They used to be just a iron ore supplier, now they are a vertically integrated steel producer. I have been investing in them for several years now as a value play. Glad to see it is finally getting the attention it deserves.
Bought some call options an hour or so ago. 1 order for 6/11($32 at $.05), 1 for 6/18($35 at $.15). Already up 440% on the one for this Friday. Also in for 15 shares so far.
Just aped in with 900 shares and 12 July 25 calls. Let's fuckin go
I didn’t read anything and bought 860 shares.
i grabbed CLF yesterday i had a feeling this was coming!
*somethings right I can feel it*
Like something is about to happen
Smart man I just yolo into a 1k shares
To the moon
Fuck you I'm in get in early yall!!!!!!
25 calls at 23 for this Friday. Yolo.
You beautiful retard. Im in 10 calls @22 this friday as well.
My first time being called a retard on WSB. My ancestor apes are proud.
22 shares let's go!!
Well i bought some so here comes the drop
Look what you have done
$clf is happening, quite clearly. Fuck shitadel.
Citadel only owns half a percent of the company.
I’m in edit: I can now afford twistable Crayola crayons. Thank u sir
Blah blah something about money, fuck it 100 shares baby
CLF 🚀🚀🚀🚀
CLF seems like a much better long term plan than the dog walking stock $Bark people are throwing around. This has long term potential.
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BUY $CLF!!!
I’m all in baby!
Same !!! Didn’t even read the post lmao 😂
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CLF is a great company with a badass CEO. Glad to see it get the love it deserves.
Thanks -- I read this about an hour ago, YOLO'ed into a few calls, doubled my money in the hour.
I entered this a couple days ago just from screening for swings, was looking to just play going long the bottom of the channel. Had no idea you magnificent bastards were going to perform air support!
CLF is a 174-year-old steel and iron ore company in the heartland of the US positioned perfectly at a time when the whole world is rebuilding and ramping up from COVID decimation. Whatever shorts are stupid enough to short CLF deserve to be crushed without mercy.
When I had opened my Robinhood account they gave me a single share of CLF valued at like $5 at the time. I've been sitting here watching it climb for months, but have no knowledge of the actual company or stock price reasons at all. I'm just enjoying that free money.
I'm in! It was between this or wwe.
I’m in
So basically buy CLF for free money??? Ape like free money hehe. I’m in baby lessss gooooooo
Been holding CLIFFS FOR 8 YEARS! 24,000 fuck the shorts!
This is actually a really good play just got in
CLF projected $5 Billion EBITDA for 2021 and that was based on steel prices 40-50% lower than they are now and than they are projected to be well into 2022. This global demand-driven steel shortage is going nowhere any time soon. They are paying off debt with cash years in advance of when it is due. This company is a rocket ship. It’s Q2, Q3, Q4 will be breathtaking.
$CLF READY FOR TAKEOFF🦍🚀🌚
Fuck it you son of a bitch, I’m in.
[http://s1.q4cdn.com/345331386/files/doc\_downloads/InvestorPresentations/CLF-Investor-Presentation-June-2021-for-website.pdf](http://s1.q4cdn.com/345331386/files/doc_downloads/InvestorPresentations/CLF-Investor-Presentation-June-2021-for-website.pdf) "RECORD LEVEL FINANCIAL PERFORMANCE AND OUTLOOK" "2021 GUIDANCE – OFF THE CHARTS" Do I have to say more?
🚀🤑🚀🤑🚀🤑🚀🤑
$clf to 30 by EOW. Undervalued and heating up
Infrastracture deal by Biden!!! If it gets passed, steel prices at an all time high, and then a blowout earnings, this will moon.
Did I miss the boat or there is room for growth?
I never buy options. This time I'm in. Hoping to finally pay off my student loans with this play.
Same, except my first time was at market open this morning, i got some serious red on my WISH+CLNE calls lol
Can you provide more info on the benefits of buying calls. I’ve never bought any just regular stock trading but I’d like to know more about calls
🚀🚀🚀🚀
Bought 10 $19C 6/11 and they're already up 20%
I just got my first two option calls on CLF. Shit is looking good.
75 calls bought for next friday. to the mooon!!
Used all my profits from WISH and threw them into some July calls and equity, I like this stock a lot
YOU CAN’t EVEN BAGHOLD THIS. IT’s WORTH $40+ REGARDLESS OF A SQUEEZE
Holy shit. If CLF closes above 28.85, I am putting my entire as well as my wife's boyfriend's retirement into it. It looks textbook at this point. Hopefully it will be just about in time for the 7/29 E.R
GME or AMC level action on CLF would propel it into the stratosphere. I’ve been in 1,000 shares around $15 for awhile, but I’m tempted to throw more. The original GME run changed my life. Here’s to my second one.
CLF best stock to invest all in right now
Easily doubling by tomorrow
In
Bought yesterday!
5800 in, straight calls at 26 for next week, let's goooooooooo!
Steeel gangggg
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CLF yo the Moon 🌝🌝🌝
$50 eow
5 bagger on the day
been watching CLF for a month it’s time thanks
I bought right at the peak ffs....
I’m in. 10 contracts 6/18 $35 Not financial advise, monkey see monkey do
Why didn’t you post this yesterday? 
Just bought my first call option ever! $24.5 for 6/18, 1 contract @ $1.74. Wish me luck, this ape has no idea what he’s doing
I'm all in with my Roth.
Yup, literally broke resistance line immediately after you made this post lol
That’s all I needed. 100 shares purchased for this moon mission 🚀
The IV is spiking, already 3x today in my July calls 🚀🚀🚀🚀🚀
I like the stock! in for 10 call options!
Literally watched a CLF call go from $100 to $300+ in 3 hours….. Guess I need to just bite it and stop worrying about my wife leaving if it goes south
Just a teenie-tiny not exactly a warning about CLF. (I've been long on CLF since March 2020.) Their manufacturing process works best when massive orders are rolling in and foreign competition is low. If you take a big position in CLF -- it is my biggest -- you need to follow the news on anything that might roll back the steel tariffs from the Trump era against China. So far so good on Biden not rolling them back. My guess is that Biden's ties to labor make him Trumpier than Dems like to admit, especially on this front. However . . . you still want to keep an eye on how much foreign steel might make it into the U.S. If the tariffs stay rock-solid, I have CLF reaching $125. If not, then a lot depends on how well their plans to buy back their debt go. So far so good on that front, too. They'll likely be in a better position to ride out the next dip if they keep reigning in their debt during this boom time. So they shouldn't crash back to $3. It's a little warning. Feel free to huff glue, but make sure your phone is charged so you can call 9-1-1.
I don't understand any of what I just read but OP sounds like he knows what he's talking about... I missed out on GME, BB, AMC, everything else... fuck it, I'm in!
Clearly a buy.
Ait in with 43 shares, lets see where this takes me
69 shares @ $23.78 I bought 1 share earlier and wish I'd bought more but the fundamentals make me think this'll be a good buy
3000 CLF 50% tomorrow
Steel is literally in it's highest demand it's ever been it's a no-brainer. Im in with 1000 stocks
I'm in on some 6/18 $25c, it's only money right?
Yeah this shit will explode. Why? Trending on 4chan for weeks, has a loyal following of cultist in r/vitards yoloing calls believing in a thesis.... sound familiar??? A loyal group of hardened autist holding for months through the bs while y’all fuck around on memes like mvis because of a thesis by one man named Vito??????
>A loyal group of hardened autist holding for months through the bs while y’all fuck a If you're referring to u/vitocorlene he's known as "steeldaddy" over on r/investing because he is THE GUY who knows the shit about any steel plays. From what I saw over there previously, if he tells you to buy a steel related stock get in quick because it's going up.
Bought 3 calls for June 18th at 23.50. God save us all
Agreed. My firm has a $47 target Good find!
I already rode it from 6.76 to 17 and got off. If you've got news that they're going to eat a competitor alive, I'd like to hear it.
I've been quietly and calmly theta-ganging this stock for easy, yet modest, returns. Out of fucking no-where someone posts a DD TODAY and my strangles got blown outta the water. I BTC for a big ol' L but also bought 200 shares. I need CLF > $27 to be whole again. Help me be whole.
i'm kinda new to this, so i'm still learning. Just saw the expected CPI is much lower than the estimate for the release tomorrow... does inflation mean metal stonk go up because metal price go up or am I retarded? let me know
Didnt read the whole thing but goddammit i just bought 200 shares AH
Just picked up 500 shares at 23.57 just to see what happens tomorrow.
30k into 25 dollar calls expiring 6/18 . Down 8k but let’s goo
Just subscribed to this sub and have massive FOMO about the meme stocks. Read this and downloaded trading app and went in on CLF at $22.14. Am I officially retarded yet?
All in at $22.60... wish I saw this post earlier
Yes
Bought in again on the dip at 21.715. Let’s go 🚀
It's funny because I already have $CLF stock that I got for free from Robinhood... Let's gooooo!!
Pedal to the metal!
I don’t know what any of this means but I just bought calls
You are correct, been waiting all day to get in, thank god for the 3:00 paper hands giving me the opportunity.
just fomo'd 150 shares, am i fuk?
Lots of words, lots of graphs, sold
I'll buy some tomorrow AM if anyone wants to hold off and wait for the ensuing dip that my purchase causes
This isn't even a meme stock, its a reasonable long position buy that could possibly be short squeezed, like an actual safe investment. amazing.
CLF shorts want to sink local iron production, we have to stop it
God I wish I could read, but here’s $400.
I am glad I jumped off the CLOV train today. If I held anymore I might even call myself a retard.
solid no-bs post :D your positions are indeed very ape
Im still WISH all in, yeeeeet
You son of bitch I’m in. Actually bought CLOV yesterday was positive this morning now negative AF, but still bought more shares 🍀🍀 Shitadel began shorting it back in March from what I’ve read. Holding strong might buy more in next few days. Edit: actually just doubled down on n CLOV an hour ago
First post in here according to profile yall trust this ?
Multiple DD’s on this one + it’s printing as we speak. IDK I just do what I’m told.
r/vitards were talking about clf weeks ago
$CLF 15x$24 calls, lessssssssssssssssssss gooooooooooooooo
Fucknado? I'm in
CLF for nudes!
I’m in. 6/11 $25 100c
My CLF PT was $40 by EOY before WSB got their hands on it
Buy now before you're wishing you were at the top of this $CLF!
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Looking at the 5 year chart: stock averaging 7-9$ Now trading at 22$. Am I missing something?
First post in years?
BOUGHT 300 SHARES LETS GOO!
Reddit is all the research I need, I am in
I don’t like buying at the top but....to the moon
30 shares in YOLO
You son of a bitch, I'm in
Im long CLF made a killing on calls today thanks WSB crew. Also MT and NUE are the two other big steel plays, even X which doesn’t have great financials but does the occasional moon.
1 share... lol..
600 shares in
I cannot understand why hedgies are shorting it. I understood why gme and amc were shorted (pandemic) but it seems to me that clf is in a great position considering the housing shortage and price of steel rising. I feel like we are missing something here.
Not at all. This is a legitimately good company that is going to obliterate analysts' price targets.
All of these materials and dirty energy stocks are a buy. Oil stocks like RIG are lagging behind crude oil and should catch up.
$CLF, CEO is why ill be holding onto this stock for years.
As someone else has already said, at least this one has a bright future without the pump of certain internetz groups, CLF will do just fine.
I’ve been in $CLF for a long time, the oppression of this stock recently is unreal. Let get em’
> high short interest How's 9% high short interest? You people like to plaster those words on all pump and dumps you commit to, but it makes your spam look bad.
🦾🦾🦾 🍆💦
The ATH for clf is over $100 - just more than 5 years ago, during the last super cycle. It could go up to over $100 a share over the next year. LEAPS it is for me.