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.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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