Hey RR,
I read an article on a business link on the weekend expousing very much what your saying. They also mentioned that Cliffs would be a net beneficiary in the near term. I wasn't expecting we would get beat up quite this bad but decided to average down once again.
I'm in for half a mil over the last 3 trading days so it would be nice for some well meaning analyst to tell the world that Cliffs will come out ahead on this news. At least my average is a lot lower now, so, as Martha Stewart would say........that's a good thing!
News on kwg's 43-101 was less than stellar. lots more of the same!
Cheers and best of luck....................Carry