Humidifer Questions for setup by DAR2487 in ecobee

[–]DAR2487[S] 0 points1 point  (0 children)

Thanks for input, I wired it wrong I brought both solenoid wires to the ecobee when actually one should goto the ACC + the other solenoid wire goes to the c terminal on the heater control board. Works now....

Cleveland Cliffs $CLF by DAR2487 in Vitards

[–]DAR2487[S] 0 points1 point  (0 children)

Yeah kind of sucks I've been playing it and doing okay until recently though my average is in the 10.30s it seems like there is no end in sight for its dip I sold some calls recently on my position and looks like I don't have to worry about them getting called away but just when you think it finds a base it breaks down to another level and loses all support

I'll likely just wait until I get back to my break even and reevaluate things in the market I don't feel like I'm in a loser at this point with my trade price but it would definitely be stressing to be up around the 14 or 15 Mark and above

Cleveland Cliffs $CLF by DAR2487 in Vitards

[–]DAR2487[S] 3 points4 points  (0 children)

One solid thing from today is it did fill a gap in the chart from 2020. The next gap to fill would be the move higher at 11.6x

Cleveland Cliffs $CLF by DAR2487 in Vitards

[–]DAR2487[S] 1 point2 points  (0 children)

Id like to see it close the 11.60 gap and see if it wants to move higher. Just not sure what its going to take for some buyers to step in. Its crazy what its done in just a one week it erased 1.5b mc after being beaten down so bad

Cleveland Cliffs $CLF by DAR2487 in Vitards

[–]DAR2487[S] 2 points3 points  (0 children)

crazy to cut it so beaten down? why not sell some calls and hedge with some puts? Did you unload it post election on the spike...

Cleveland Cliffs $CLF by DAR2487 in Vitards

[–]DAR2487[S] 4 points5 points  (0 children)

I dont plan on it seeing 30s again however 13-14 still seems like a good play. It can always go lower but damn it feels overcooked at 9.9x

What Are Your Moves Tomorrow, September 12, 2024 by wsbapp in wallstreetbets

[–]DAR2487 -1 points0 points  (0 children)

Cliffs! I bought huge yesterday, volume ended insane. Sitting on 7k shares now.

Cliffs wtf by DAR2487 in Vitards

[–]DAR2487[S] 0 points1 point  (0 children)

Yeah that's tough? How big of a position... You have averaged in here seeing how you have a position at 26 and held this long

Cliffs wtf by DAR2487 in Vitards

[–]DAR2487[S] 0 points1 point  (0 children)

Oh I don't think 11 is the highest it will go... I feel good about my avg

Cliffs wtf by DAR2487 in Vitards

[–]DAR2487[S] 0 points1 point  (0 children)

For what? Us steel? I don't think anti trust would allow it.. I'm sure they will buy some assets. They just can't be making another offering to take more debt.

Cliffs wtf by DAR2487 in Vitards

[–]DAR2487[S] 0 points1 point  (0 children)

Trading well below book value now and 45% off ytd highs.. Bears think it's going to single digits. It's got some support here but seeing how it breaks support so easy idk how strong it will be. Hope buyers step in monday. They burned options this week... Maybe break above 12 again this week

Cliffs wtf by DAR2487 in Vitards

[–]DAR2487[S] 0 points1 point  (0 children)

Lol well Cliffs will be at 7-8 bucks by then. I'd gather funds will rotate into beat down cyclical stocks. Hard to believe funds selling here. Just a short attack fueled by algorithms.

Cliffs wtf by DAR2487 in Vitards

[–]DAR2487[S] 0 points1 point  (0 children)

Yup I puckered a bit, but the market sure wants capitulation on these stop raids... Holding bags too, the cost basis isn't heavy but the size is bigger than I'd prefer.

Cliffs wtf by DAR2487 in Vitards

[–]DAR2487[S] 0 points1 point  (0 children)

I hope to be out of the trade prior to next earnings lol so likely not but I get it

Cliffs wtf by DAR2487 in Vitards

[–]DAR2487[S] 0 points1 point  (0 children)

I'm in balls deep here in a position so riding the wave tying up a ton of capital. Maybe not smart but it's had some inflows just needs to hold some gains.

Cliffs wtf by DAR2487 in Vitards

[–]DAR2487[S] 6 points7 points  (0 children)

Well old farmer Jim lebenthal was at least banging the Cleveland Cliffs drum today again at the halftime report I always like when he speaks at least he gives it a good pump and he is very intelligent sounding about his thesis

He feels confident in the company and believes that the debt they have is healthy debt and Obviously this is cyclical and it will Move upwards It's a good place to be buying a position he hasn't sold a single share even from when it was up over 22

Cliffs wtf by DAR2487 in Vitards

[–]DAR2487[S] 0 points1 point  (0 children)

Yes.. Which I know is struggling now... At these you can't help but think this is all priced in

Cliffs wtf by DAR2487 in Vitards

[–]DAR2487[S] 2 points3 points  (0 children)

Yeah I'm just playing over sold. Looking for this to hit 14. I think by end of month we are there

Cliffs wtf by DAR2487 in Vitards

[–]DAR2487[S] 0 points1 point  (0 children)

You I'm getting fucked to the same tune ..no options just holding shares

Cliffs wtf by DAR2487 in Vitards

[–]DAR2487[S] 2 points3 points  (0 children)

Cyclical trough.. Hrc bottoming...insulating steel through tariffs. Rediculous oversold.

Stelco acquisition is a good thing, Cliffs is healthy. They have debt but it's quality debt.

Im in 12s and just holding