Monday, June 11, 2007

Cleveland Cliffs (CLF)

Another Monday is here and no buyout of Cleveland Cliffs. The stock rocketed at the end of May on speculation that a Brazilian mining company would make an offer of over $100 a share. The stock then received additional pumping from CNBC's Jim Cramer. But today the stock is trading at just above $80. Is it about to fall off a cliff? This was a $73 stock before the buyout rumors hit.

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