CLF announced there takeover of ANR two days ago. Bad timing if coal continues its implosion. That was a key reason for my short today. Iron ore and coal while commodities are crashing, not a great combo.
Thursday, July 17, 2008
Double Whammy
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About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
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