CLF BOOM! On Friday! Here’s Why You Should Invest
One of the most talked about genuine good stocks on WSB is CLF.
Since January, the price of steel has shot up 50%. CLF, being one of the biggest steel manufactures in the country has only seen a 60% rise. You might say, ‘But that means it’s gone really good’ and you’re right, that is really good but this stock should be worth way more as the potential is through the roof. Honestly, it should be worth $35-40 but the heavy shorting has decreased confidence in the stock. I don’t have the stats here but there is plenty of other posts you can find with the stats. The price of steel only has one direction from here: UP.
Now I’m not going to bore you with stats as you can find other posts with those stats but I do have some figures on the shorting situation of the stock.
Currently CLF has a shorted volume of 23,796,783 or 32%
I did the math and this means about $500 million.
With a Market Cap of $11.74 Billion, this means another $12 Billion could put the shorters out of $500 million. And, with the shorters mainly being hedge funds, this means a double win for us (The other being the price increase). This is a big sum of money but WSB has alot of money so I believe we’ll be ok.
We can’t let CLF become a ‘meme’ stock because it is an extremeley good stock and making it a meme will make it lose alot of its intrinsic value and make it far too volatile for the company to use the funds.
I hope you’ve learnt something from this post.
All the best, Me
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June 10, 2021 at 05:50PM