Friday, July 25, 2008

Bookkeeping: Reducing Cleveland Cliffs (CLF) to "Holding" Stake

Selling all Cleveland Cliffs (CLF) except 10 shares near $98. Waiting for clarification from chart - a technical move here.

Resistance at $100 (50 day moving average) and $105 (recent highs). I'm more constructive north of $105. 3 successive lower highs. Not good. Until then I continue to build up my crumbs...

As an aside, adding more short exposure all over the place...

Long Cleveland Cliffs in fund; no personal position

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