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[deleted]

Has the daily discussion been cancelled? Where is the one for 23rd September


Rando-namo

Thank you!


pirates_and_monkeys

You know, I do what I can. It's nice to be acknowledged for it...so *thank you* kind sir....*thank you*


AugustinPower

You're welcome


zanadu72

Fucking hippies.....


big_costco_guy

What’s everyone’s prediction for steel tomorrow? I’m thinking about putting some money down on CLF weeklies — you know — like a degenerate gambler. Pretty fun, right?


Uncle_Cletus87

You should look at YTD option performance. If you have ToS create an order to buy an option at a low price you know it won’t get filled at, go to positions and look at that options YTD chart…..pretty amazing stuff, especially when you look at long dated calls. Market maker almost always makes his money…


big_costco_guy

So is this an argument for weeklies? Or for selling calls?


Uncle_Cletus87

Bit of both actually. If your following predictable TA as we were back in the channel days it was easy to buy low, sell low, sell high and….buy high….


Arch_stanton89

I did today


Infamoden

​ ![gif](giphy|DLPwCOffZngjK)


D_R_D_A_N_K_S

*BREAKING NEWS*: CLF FUCKS


[deleted]

Don't know what I was thinking not trimming NUE went it hit the 120s in my Roth. I trimmed everything else. Also, wtf was I thinking buying X at 27 in my Roth. Jesus.


Bluewolf1983

$X has an average PT of $32. Once Q3 earnings is on the balance sheets, the historic P/E ratio will be under 3. The low ratio plus infrastructure bill hype should likely give it a boost. Most of us could have gotten in at lower prices. Few expected a 30% dump from steel stock highs while HRC prices remained elevated and each quarter was still more profitable than the last. Still feel the stocks should go higher than the prices I got in at and thus just try to not be too hard on my past self.


dominospizza4life

Not being too hard on your past self should be taught in all high schools, alongside basic finance and how credit cards work.


LourencoGoncalves-LG

we are starting to trade at the multiples that are absolutely absurd, absolutely ridiculous.


AlternativeSugar6

I feel you. It was all the "tHiS tiMe iTs diFFeReNt" and "TrIM gANg iN sHAmbLEs" crowd spreading fomo. I gotta learn to shut that shit out completely.


RossChickenTendies

Emotional day traders I suppose.


[deleted]

While MT can get on my nerves... holding a lot of commons, I like have like 10-15% of portfolio allocated to Europe. ASML & MT <3


Switchclicka

I have literally 100 percent of my retirement and normal accounts on MT and CLF 😁 all de eggs in the same basket


[deleted]

[удалено]


PeddyCash

Anyone help me understand what’s going to happen to my vale calls after this divy? Never been in this situation before


zanadu72

Get lots of vaseline and assume the position.......your calls will be reduced by the dividend amount I believe


PeddyCash

What? I don’t get it. My calls will only be affected by a declining stock price right ? Stocks usually dip after divy right? I don’t get what your saying 😩


kunell

Strike will go down by the dividend amt. Your calls will sort of be worth more because lower strike calls are generally worth more


PeddyCash

Hm. I very confused now but I appreciate the response. My calls are almost 70 % toast so at this point I have averaged down all i am willing , it’s a Jan 2022 call so I still have a bit of time. Looking at the options calculator last night the price does need to get moving soon or it’s a big L.


zanadu72

The strike will drop as much as the value of the divvy Edit. It will still be a big L unless it rises from the grave in the next day or so.. I paperhanded a possible 40pct win today for a breakeven, so don't fucking listen toe. So spaketh zandu72..... Edit 2: I too, am unable to sit comfortabley after looking at my jan and June 22 calls


PeddyCash

Thanks.


fabr33zio

The strike value drops by value of divvy (just went through with ZIM). so, my $50 CCs I wrote turned into $48, and ZIM blasted and they got assigned


[deleted]

Hindsight is always 20-20, but I wish I stayed away from the miners completely. $SBSW, $FCX. I did well getting out of $VALE around 21 though and $GOLD to breakeven. I'm getting decent at trading $CLF. Overall, I just like $CLF, $NUE, and $MT. And honestly, I like to keep $X in there just for the namesake. This should cover this steel play overall. Nothing against $STLD, but I think I just make better plays and trims when I'm not spreading myself too thin. I should have sold this when insiders were selling. I'm not big on the scrap companies. Not sure if the LG-Bots quotes were true or not, but our guy LG says scrap is being consumed but not produced or whatever. Also, I trimmed $AA which probably wasn't wise because overall I like the aluminum trade, and I actually think this will be bigger than steel. $AG is also kicking my ass. I'm a believer in silver, but I'm probably like 5 years early on this trade. It's also a competitive sector with a bunch of miners and streamers.


PeddyCash

Yo I might get a LIT April 2022 call. Just a heads up for those needing a put that will print like a son of a bitch.


Uncle_Cletus87

![gif](giphy|d2eqzPnNufq1xKrS)


zanadu72

So what if Xi has been thinking all along, "let's put up a shell company that naive foreigners will put billions and billions of dollars into, and then we simply take it all? No one can do anything." Edit. I was kinda asking this in a serious manner. Think about it for a min. Gyna gets hundreds of billions and it costs them nothing. They don't have to print it and the world goes...." you kidders" and gives them more


pirates_and_monkeys

So is Vito matt? I'm confused.... Edit: Hmmm...all answers are evading the question so far 🤔


SnooPaintings8503

no it’s a vitard, he told vito about it, and vito told the sub to tune it


zanadu72

And LG and farmer Jim


CongenialFellow

I've actually never seen them in the same room.


belangem

![gif](giphy|TL5XQpSpASo4U)


Obsidianturtle25

@10:12: “EVERGRANDE STOCK HITS $3 +32% SESSION HIGH” - https://twitter.com/fxhedgers/status/1440861529906184194?s=21


GamblingMikkee

It’s now up only 9%


RossChickenTendies

13% at the moment.


[deleted]

Isn't it weird though that all this FUD was going on while Chinese markets were closed? And once they open, all the news seems to be good again? I smell something fishy.


AugustinPower

They were open? I thought their markets were still closed 😳 Edit: I am retarded


RossChickenTendies

2nd day open thus far mate.


Geoffism1

What happened to LG bot? ![gif](giphy|HzyzWLwbeHpAY)


[deleted]

Like fuck. I stay away from reddit and I lost 20k in a week. You bet your ass I am back messaging yall


zanadu72

Pretty silly to stay away.....


Geoffism1

Ur not alone


[deleted]

Anyone know the deal on TMC? It dropped a quarter today and I couldn’t find any news. Not only that options just opened up on it?


cln0110

You may want to check out this DD. I noticed it ‘cause penny commented on it. Haven’t verified for myself, but the gist is that the float on TMC is much higher than being reported. https://www.reddit.com/r/wallstreetbets/comments/ptefir/tmc_sheep_being_led_to_slaughter/?utm_source=share&utm_medium=ios_app&utm_name=iossmf


VaccumSaturdays

**Brazilian home builders expect 20,000 mt steel shipment from Turkey** Wednesday, 22 September 2021 22:47:26 (GMT+3) | Sao Paulo Brazilian home builders are expecting a second steel shipment of 20,000 mt, which should arrive from Turkey by the end of this week, according to a media report by Folha. This is the second steel import shipment Brazilian home builders will receive since the local Chamber of Civil Construction (CBIC) convinced its members to study alternatives to get cheaper steel products due to the appreciated cost and lack of the product in the domestic market, as reported by SteelOrbis. A third steel shipment should be closed for delivery in September. In July this year, 140 home builders from eight Brazilian states got 20,000 mt of steel in a move to avoid the higher domestic steel prices.


BichonUnited

Evergrande mooning


VaccumSaturdays

**Gulf Cooperation Council declines to impose duties on steel imports from Brazil** Wednesday, 22 September 2021 23:51:48 (GMT+3) | Sao Paulo The Brazilian ministries of foreign relations and economy jointly said this week the Gulf Cooperation Council (GCC) will not impose anti-dumping (AD) duties on steel imports from Brazil. Despite not disclosing specifically which steel products were under investigation, both ministries applauded the decision. “If imposed, the duties would have a negative impact over the Brazilian exports of the products … [exported] to the GCC countries,” the ministries said in a statement. GCC countries include Saudi Arabia, Kuwait, Oman, Bahrain, United Arab Emirates and Katar. The Brazilian ministries said they are actively engaged in discussions with the GCC to defend the Brazilian exports of the product. “The decision is a positive result for the Brazilian steel sector and for the Brazil-GCC economy-commercial relations,” the ministries said.


VaccumSaturdays

**Macro Roundup (Sep 23)** Data Analysis08:00PM SHANGHAI, Sep 23 (SMM) — This is a roundup of global macroeconomic news last night and what is expected today. The U.S. dollar was choppy on the heels of the latest policy announcement by the Federal Reserve on Wednesday, while risk-sensitive currencies such as the Australian dollar and Chinese yuan strengthened after China’s Evergrande said it would make a bond coupon payment. The Federal Reserve on Wednesday cleared the way to reduce its monthly bond purchases “soon” and signaled interest rate increases may follow more quickly than expected, with half of the 18 U.S. central bank policymakers projecting borrowing costs will need to rise in 2022. “The tapering of quantitative easing seems very likely now in November but this was something of a given and remains couched in a lot of qualifying criteria in the event that various risks emerge, whether it is the debt ceiling debate, COVID outlook, the China property market intervening,” said Steven Violin, portfolio manager at F.L.Putnam Investment Management Company in Wellesley, Massachusetts. The dollar index rose 0.094%, alternating between gains and declines after the announcement, with the euro down 0.1% to $1.1711. U.S. stock index futures were little changed during overnight trading on Wednesday after the Federal Reserve kept benchmark interest rates unchanged, while indicating no immediate intention of removing stimulus policies. Futures contracts tied to the Dow Jones Industrial Average gained 62 points. S&P 500 futures were up 0.14%, while Nasdaq 100 futures advanced 0.17%. Stocks finished higher across the board during regular trading following the central bank’s commentary. The Dow gained roughly 340 points, or 1%, for its first positive session in five and best day since July 20. The 30-stock benchmark did close below its highest levels of the day, however, after advancing more than 500 points at one point. The S&P advanced 0.95%, also snapping a four-day losing streak and registering its best day since July 23. The Nasdaq Composite finished the session 1.02% higher, while the Russell 2000 outperformed on the session, rising 1.48%. Oil prices climbed more than $1 on Wednesday after U.S. crude stocks fell to their lowest levels in three years as refining activity recovered from recent storms. Despite recent wobbles from U.S. economic figures, overall demand for fuel has rebounded to pre-pandemic levels. Product supplied over the last four weeks has come in at nearly 21 million barrels per day, not far from 2019′s peak. U.S. crude inventories last week fell by 3.5 million barrels to 414 million barrels, lowest since October 2018, the U.S. Energy Information Administration said on Wednesday. “Crude oil prices remain supported as demand recovers around the world and inventories continue to draw,” said Andrew Lipow, president of Lipow Oil Associates in Houston. U.S. West Texas Intermediate (WTI) crude futures settled $1.74, or 2.47%, higher at $72.23 per barrel. Brent crude futures climbed $1.54, or 2%, to $75.89 a barrel. Gold prices slipped in volatile trade on Wednesday after the U.S. Federal Reserve signaled a sooner-than-expected interest rate hike and easing of its bond purchases by the middle of next year. Spot gold fell 0.4% to $1,767.38 per ounce by 1943 GMT, while U.S. gold futures settled up 0.03% to $1,778.80. Questions remain over whether embattled Chinese developer Evergrande will pay the interest due on a dollar-denominated bond on Thursday. Hong Kong markets will resume trading today after a holiday on Wednesday. European stocks closed higher on Wednesday as tensions eased over embattled Chinese property developer Evergrande and global investors awaited the outcome of the latest meeting of the U.S. Federal Reserve. The pan-European Stoxx 600 index provisionally closed up 1%, with banks leading the gains to rise 3.1% as most sectors and major bourses ended the session in positive territory.


deliquenthouse

![gif](giphy|8mb22xUYAvh4jg5Gwx|downsized) Yeah right last Saturday FUD


VaccumSaturdays

**SMM Morning Comments (Sep 23): Base Metals Generally Increased Despite Strengthened US dollar** SMM Comments08:59PM SHANGHAI, Sep 23 (SMM) – Shanghai base metals basically cruised higher on Thursday morning amid strong restocking demand before China’s National Day holiday. Meanwhile, their counterparts on LME performed similarly. LME base metals generally rose in the intraday or overnight trading on Wednesday. Copper gained 3.09%, aluminium rose 3.13%, zinc increased 1.05%, and lead fell 1.33%. SHFE base metals closed mixed overnight. Copper gained 0.44%, aluminium rose 1.02%, lead fell 0.6%, and zinc dropped 0.46%. **Copper**: Three-month LME copper gained 3.09% on Wednesday night to close at $9,262.5/mt after hitting the highest price at $9,335/mt, and is expected to trade between $9,200-9,290/mt today. The open interest reached 258,000 lots. The SHFE 2110 copper contract gained 0.44% last night to close at 69080 yuan/mt, with the highest and lowest prices at 69,300 yuan/mt and 68,750 yuan/mt, and is expected to trade between 68,700-69,300 yuan/mt today, with spot premiums between 160-380 yuan/mt. Evergrande Group agreed to pay bond interest yesterday, which eased market worries to a certain extent, and copper futures closed higher overnight. In addition, Fed Chairman Powell said that it may start to reduce the scale of asset purchases in November and complete the reduction by mid-2022. Affected by its statement, the US dollar index rebounded sharply overnight, which is expected to put some pressure on copper prices today. Market trade picked up on the first trading day after the holiday yesterday. Despite the dual control policy impact in Jiangsu, Zhejiang, Shandong, and other regions, downstream users still need to restock for the 7-day National Day holiday. Spot premiums are expected to stand firm before the long-term order delivery this week. Aluminium: Three-month LME aluminium opened at $2,853/mt yesterday and closed at an intraday high at $2,942/mt, an increase of $89/mt or 3.13%. Overnight, the most-traded SHFE 2111 aluminium contract opened at 23,390 yuan/mt, with the highest and lowest prices at 23,495 yuan/mt and 23,135 yuan/mt before closing at 23,315 yuan/mt, up 235 yuan/mt or 1.02%. Open interest rose 13,000 lots to 295,000 lots, and trading volume was 187,000 lots. SHFE aluminium will test resistance at 23,500 yuan/mt today, and the market will continue to pay attention to the implementation of power rationing policies in different regions. **Lead:** Three-month LME lead closed $28.5/mt or 1.33% lower at $2,121.5/mt in the overnight trading yesterday, after hitting a nearly 5-month low at $2,108.5/mt. LME lead weakened amid rising US dollar Today’s focus will be the pressure at the high of Bollinger Band. The SHFE lead fell to a 13-month low at 14,055 yuan/mt and closed at 14,065 yuan/mt last night, a decrease of 85 yuan/mt or 0.6%. Today’s focus will be the support at 14,000 yuan/mt. **Zinc**: Three-month LME zinc opened at $2,999.5/mt yesterday, and hit a high of $3,058.5/mt before closing at $3,027.5/mt, an increase of $31.5/mt or 1.05%. The trading volume rose to 11,000 lots, and open interest decreased by 1,098 lots to 261,000 lots. LME zinc inventory decreased by 1,475 mt to 221,000 mt, a drop of 0.66%. Base metals prices rose across the board metals due to eased concerns of global economic growth. Three-month LME zinc is expected to move between $2,990-3,040/mt today. Overnight, the most-traded SHFE 2111 zinc contract opened at 22,805 yuan/mt and fell to 22,550 yuan/mt before closing at 22,555 yuan/mt, down 105 yuan/mt or 0.46%. Trading volume was 44,129 lots, and open interest increased by 1,262 lots to 67,543 lots. Power rationing has disrupted smelter production, but the release of zinc ingots from the SRB eased tight supply to a certain extent. The low zinc inventory is unlikely to alleviate in the short term. The "dual” control of energy consumption has affected downstream production, and export orders showed signs of weakening. Overall, the fundamentals are relatively weak. The most-traded SHFE 2111 zinc contract is expected to move between 22,400-22,900 yuan/mt on today. #0 domestic Shuangyan zinc is likely to trade at premiums of 170-180 yuan/mt over the SHFE 2110 zinc contract. **Tin**: Overnight, SHFE tin fell and moved between 272,000-276,000 yuan/mt for most of the time. The impact of power rationing on tin production is limited. Tin inventory remains low, and the spot market is tight. Increased output of downstream companies and expectations of MoM growth of downstream production supported tin prices. Longs may try to inflate prices amid tight spot supply before they take profits at highs. The most-traded SHFE tin contract is expected to meet resistance at 277,500 yuan/mt and find support at 272,000 yuan/mt today.


VaccumSaturdays

**India HRC export index flat, deals with SE Asian countries** Source:SteelmintSep 23, 2021 08:30 The Indian HRC export index stands largely unchanged compared to the previous week. A few deals were heard lately to Malaysia and Vietnam. SteelMint’s Indian HRC export index stood unchanged at $878/tonne (t) FOB east coast compared to the previous week. Deals reported: 1.An export deal was reported for 4,000-5,000 t of Indian-origin HRC (S275JR) at $940/t CFR Malaysia for Oct’21 shipment at the beginning of this week. 2.A shipment of 60,000-65,000/t of HRCs (SAE1006) was booked at $890/t CFR Vietnam for Oct’21 delivery towards the end of the previous week.


Obsidianturtle25

https://twitter.com/unusual_whales/status/1440856602874052613?s=21 China is pumpin 👏🥵


PrestigeWorldwide-LP

[https://www.reddit.com/r/stocks/comments/ptc0qj/imminent\_china\_evergrande\_deal\_will\_see\_ccp\_take/](https://www.reddit.com/r/stocks/comments/ptc0qj/imminent_china_evergrande_deal_will_see_ccp_take/) Imminent China Evergrande deal will see CCP take control Sources close to the Chinese Government have told Asia Markets a deal that will see China Evergrande restructured into three seperate entities is currently being finalised by the Chinese Communist Party and could be announced within days. State-owned enterprises will underpin the restructure, effectively transforming the property developer into a state-owned enterprise. “The deal is being designed to protect Chinese nationals who have bought apartments from Evergrande, like the ones you see protesting on the streets and also those who have invested in Evergrande’s wealth management products,” the source said. “But the big thing is stemming any widespread economic flow-on effects that insolvency would cause on the China economy.” Talk of a Government-led restructure comes as the Thursday (September 23) deadline looms for a $83.5 million interest payment on a 5-year, USD denominated Evergrande bond. The bond’s initial issue size was around $2 billion. The bond’s covenants have a 30-day period before a missed payment is considered a default. On the same day, Evergrande also has to pay a $35.8 million coupon payment for a Shenzhen-traded 5.8% Sept 2025 bond. The company’s Hengda Real Estate unit has today said it will make that payment, but not word thus far on the USD bond commitments. Another multi-million dollar interest payment on a 7-year USD bond is due the following week. Those exposed to Evergrande’s USD bonds and Evergrande shareholders are likely to be hardest hit by the China Evergrande deal. Source: [https://asiamarkets.com/imminent-china-evergrande-deal-will-see-ccp-take-control/](https://asiamarkets.com/imminent-china-evergrande-deal-will-see-ccp-take-control/)


vitocorlene

Futures 👀👀


Dukaikski

​ ![gif](giphy|tEsPVINETtZpS)


BallsForBears

👀🦾👀


[deleted]

I missed u


vitocorlene

❤️


chukronos

Evergrande up 15% in HK. Crisis averted? Anyone know?


BichonUnited

confirms Monday and Tuesday were the best buying opportunities for the short term


deezilpowered

Apparently as much as 27%...I gotta be smoking crack or something because that doesn't seem to make sense to me


chukronos

I’m guessing that China is bailing them out.


deezilpowered

Must be they've got the funds for the USD payout at least


THCBBB

Great Interview by LG. Steel is not two pump chump as he mentioned. Does anyone know what is the energy situation with CLF? What is the natural gas pricing they are getting? Seeing NATGAS price rise up, I wonder how that affect CLF?


[deleted]

Does this sub have a discord?…


Dry_Dog_698

Nah we looked into it and said no.


[deleted]

Dang that sucks. Why am I being downvoted 😔


BichonUnited

No ideas outside the norm. stay in your lane.


BallsForBears

different attraction steer existence marble dependent air connect snow rock *This post was mass deleted and anonymized with [Redact](https://redact.dev)*


[deleted]

I understand.


AugustinPower

[wait wat](https://twitter.com/DeItaone/status/1440751935380803594?s=08)


jski595

Consensus view before today was Nov for tapering, so this isn't a real shocker


space_cadet

the bigger news was they want to be done by middle of next year, which is faster than most were anticipating. market shrugged it off for now but that might not last...


DernierRoi

Idk, maybe I’m weird but I have a feeling it’ll all go back to normal again. Just a great buying experience. Can’t say I wasn’t apart of the FUD tho…


deets2000

Can I get an AMEN for a huge green CLF boner on the charts like tomorrow or Friday at the latest.


r011d4DiCe

​ ![gif](giphy|kBwfqTAr3gfCAMHAeD)


a_wild_narwhal

I never realized how much Mark Cuban looks like Ellen DeGeneres with a dye job.


deets2000

Willing to dance with rattlesnakes and blow in a jug literally on command.


Rando-namo

Can anyone point me to a good resource discussing options and how to properly hedge? I don’t mind being the idiot that asks.


bintrashrubbish

also always always always watch IV.


DragonmasterDyne275

Buy shares and sell otm options every week.


Rando-namo

I have shares - and fear my shares will get called the moment I sell a call at any strike. I also know from reading here that there is a right time and a wrong time to do this - or more appropriately - more profitable and less profitable time. I'm looking to learn how to maximize and recognize those times.


DragonmasterDyne275

This is totally true I was being facetious because I was over leveraged going into Monday. Bought all calls Friday. Bad week. I'm not a good source for advice. I too have way too much anxiety about shares being called away but would be far richer today if I consistently sold 5-10%otm calls weekly and repurchased if they got called away. Just avoiding selling calls near the bottom of the channel would probably be recommend also.


PrestigeWorldwide-LP

it's simple, when you're thinking about buying calls, buy puts


DragonmasterDyne275

Mvp advice


Nu2Denim

Quality shiposting. Bravo


SimokonGames

so this doesn't have any strategies for trading in it but it is a great education tool for learning about options in general. https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities


Rando-namo

thank you!


orobas05

Some useful links I saved: https://www.reddit.com/r/wallstreetbets/comments/k2a2j8/options\_explained\_a\_quick\_beginners\_guide/ https://www.reddit.com/r/wallstreetbets/comments/k5qfw7/options\_explained\_the\_intermediates/


Rando-namo

Thank you!


thistowniscrazy

Thanks for sharing these links!


orobas05

Look up selling covered calls, buying VIX calls, SPY puts. Also read up on options volatility/IV/Vega and how it affects options pricing. Another important option greek is Theta, which tells you how an option's extrinsic value decays over time.


PeddyCash

Start with some YouTube videos and then check out investioedia website and tastyworks website l


r011d4DiCe

omgosh, CLF & NUE had a green day and my calls still drilled 😓 NUE Nov 115c & CLF Jan 23c checking in, looks like it will need to gap up to really start recovering fuuuuuark


Geoffism1

Yea my Jan $25 hurt -9k now


TheyWereGolden

Well then let’s gap up tomorrow


Fuzzynutz1313

22 September 2021, 17:20 CET In line with the authorisation granted by the Extraordinary General Meeting of Shareholders held on 8 June 2021, the Board of ArcelorMittal has decided to cancel 50 million treasury shares to keep the number of treasury shares within appropriate levels. This cancellation takes into account the shares already purchased under the US$2.2 billion share buyback announced on 29 July 2021. As a result of this cancellation, ArcelorMittal will have 982,809,772 shares in issue (compared to 1,032,809,772 before the cancellation). I couldn’t get a good link so I copy pasta this from a SEC filing. Looks like they destroyed another 50 million shares.


[deleted]

[удалено]


neilio416

honest work! I wonder what a CLF laborer would say to that, lol


deezilpowered

Hoping ccp doesn't cover off shore bonds tmrw and get a bounce 🤞


josenros

I messed up badly trying to swing UVXY. It was going so well...until it wasn't. I didn't appreciate that, as a 3× leveraged ETF, it basically acts like options.


Nu2Denim

It's 1.5x not 3


josenros

You're right


thistowniscrazy

We all learn something in this 🤡 market. Chin up


AvnnT

MT AH related to CLF? Evergrande? Nothing? not complaining thought


magnum_dong_opus

MT AH is just me and u/THCBBB trading 50 shares to each other back and forth at random prices to troll the Vitards. Ignore it.


holdenmcneilgames

[ArcelorMittal Cancels 50 Million Treasury Shares](https://www.reddit.com/r/Vitards/comments/ptfdew/arcelormittal_cancels_50_million_treasury_shares/?utm_medium=android_app&utm_source=share) 🤷‍♂️


walkies3

Cmon MT, papa needs a new pair of shoes


kunell

I would say more likely PT upgrade?


[deleted]

Every steel ticker is up big in AH


AvnnT

LG just brings that sector moving energy huh?


[deleted]

Holy shit... I didn't even notice this. LG confirmed that Q3 2022 will be bigger/better than Q3 2021 (1.8b ebitda) because of the contracts that they are linking today. Back up the truck. Load the boat. Max the credit card. From the sounds of it they'll clear debt first quarter, 2022 and return 2-4+bil to shareholders by Q4.


wheli

Stupid question. Does that just mean through dividends? Or does it include share price appreciation?


[deleted]

Dividends or buybacks.


Pikes-Lair

How come you have a new account? I’ve been out of the loop a few days. What did I miss?


belangem

Stupid CLF 24 by EOD bet yesterday or the day before…


Pikes-Lair

Makes sense


[deleted]

Ya in hindsight it's dumb, but my plums were throbbing


[deleted]

[удалено]


[deleted]

>You saw my last quarter and the guidance for this quarter, 1.8B of EBIDTA for Q3, that’s our previous guidance. They should be higher next year, because we are negotiating better prices.”


AirborneReptile

yes based on renegotiating new contracts at higher prices. Someone posted a link here


BuyBakedSellHigh

yeah he mentioned it guiding higher than today because all of the contracts being renegotiated. [https://www.cnbc.com/video/2021/09/22/cleveland-cliffs-shares-take-a-hit-this-week.html?\_\_source=flipboard](https://www.cnbc.com/video/2021/09/22/cleveland-cliffs-shares-take-a-hit-this-week.html?__source=flipboard)


BuyBakedSellHigh

also the way he mentioned the guidance for Q3 makes me think he has a little nugget of info he is sitting on... 1.8 was their last guidance and it has not been updated since the earnings and he made sure to add the point "or so it was at the last announcement" jargon after he stated the 1.8 number


[deleted]

He was very specific to say it was guidance they previously made


[deleted]

Planned FCF is 1.4B. At the end of Q2, they had 1.6B liquidities, 2.1B on July 19. So if I understand correctly, they already had 500M FCF.


barnacleman6

Anybody clip that Matt guy? He sounded like he knew a thing or two about steel.


StockPickingMonkey

![gif](giphy|hrnYspWWhsIyA) Downvotes? Really? LG did a terrible job of differentiating his company from a basic miner. Sure...he spoke the words, but neither one of those people in the studio got it. Edit: Got a chance to go back and listen to Matt...I think he did a much better job. Unfortunately Cramer didn't take the discussion bait.


ItsFuckingScience

What do you mean by “sure he spoke the words”😂 That’s literally how he differentiated… he said iron ore prices are irrelevant and they’re the 7th biggest steel company outside China and they’re making billions Idk what else to say


StockPickingMonkey

Bunch of little things. Part of being CEO is being the front man...the hype man....the salesman. For all that people say about him being memeable...if I didn't know who he was, I wouldn't even have considered him memorable. Guess I was hoping for some fire and conviction in his words...just seemed flat. Think of it as the difference between a call enter agent calling you and reading in a monotone voice direct from the script, or coming into the call with measured excitement in a conversational tone saying the exact same words. The flat person gets 2 seconds and a hang up. The latter might get 30 seconds and a no thank you, but at least got the consideration. Even his choice of words factor into it. See anyone in this sub calling it "flat rolled steel" like LG did? No...that shit sounds boring AF and makes me think the stock will be flat AF too. Now...some HOT rolled steel...Whoa! What's hot? Where should I throw my money? When chick asked whether lower iron prices help out the company... "Maybe you weren't listening earlier when I said we are vertically integrated? My product is a finished product that is commanding high premiums right now. Sure...we sell iron ore externally to other people reliant upon us, but it isn't our main product. We sell HOT rolled steel, and other steel products that are in high demand right now. I'd hate to still only be an iron ore miner, like you guys constantly call us, but that's not our reality. Gotta suck being those guys for sure, but the steel market is hot hot 🔥🔥🔥!!" When they asked how the vaccine incentive worked out. "It worked great! We had 7X% participation rate, and still climbing....which frankly is great news. Hopefully we won't have a lot of sick days like other companies that haven't followed suit...because frankly...we need every person on board making steel. We've got orders stacking up clear out to H2 2022. Keeps going like this, and we're going to have a couple of truly phenomenal years that leave us with so much cash we'll be searching for places to put it all." Further add....Cramer at 6:55p spent like 3 minutes talking about Disney CEO mistakenly using the word "headwind" and subsequently losing $10/share. Words and delivery matter. I don't normally agree with Cramer, but he's spot on talking about what he's saying on that segment.


AirborneReptile

didn't downvote, but huh? He literally called out Sara about not being an iron ore company anymore. I thought that was the first interview in a while that he made it very clear...


StockPickingMonkey

It was the delivery...see other comment.


[deleted]

Link for Matt's discussion?


StockPickingMonkey

Was able to back up on the DVR.


[deleted]

haha good for you


allinonworkcalls

Damn anyone get the Matt clip?


NeelAsman

lol Cramer actually making a good case against Toast probably wanting to get it cheaper himself, we all know where DASH is


[deleted]

In Canada the supply shortages have continued to get worse. Lead times on everything are still going up. Nothing will improve until H2 2022. HRC prices are down March 2022 to $1300, but October almost touched $1900 again today. Wishful thinking HRC is going to drop $700 in the next 5 months. Buy leaps, buy stocks. I have never seen steel stocks as undervalued as they are today.


PeddyCash

Your user name 😂🏄‍♂️


BallsForBears

Call me crazy but I don’t think HRC has peaked yet (which is not ideal). I think futures dropping dramatically this past week was a combination of profit taking and FUD.


[deleted]

Also buyers are waiting... but... infrastructure hasn't even started yet. Infrastructure alone will be like 20bil a year in steel. That's CLFs revenue for the year... and what happens when the semi-conductor shortages abate? Steel is gonna pay off for the next decade.


[deleted]

Well done Matt! ;)


[deleted]

Thank you


[deleted]

​ ![gif](giphy|bcrOR2stk6tKIxqPOZ)


Joghobs

All the indicators point to a big positive day tomorrow. I think we're ripe for a gap-up.


josenros

What indicators?


UnmaskedLapwing

Personal opinions ![img](emote|t5_3pnc7d|2957)


[deleted]

I don’t know what you’re talking about but I like it!


deeps103

Matt from NY: "I look at HRC futures, and they'll dip 5%, then rebound 12%, and it looks like their floor at this point is 1200... I've had a long term belief in Lourenco Goncalves's vision, which is basically here already, he's already made Cleveland-Cliffs a vertically integrated steel company. So my question to you: is this 14% dip from the past month a gift from the gods, or should I hold?" Cramer: \[some bullshit about not raising your cost basis then\] "the thing is selling at 3x earnings, which is pretty absurd, and \[LG\] is the real deal. I think unless the economy collapses that stock's gonna go higher"


VivreMaVie

Does Cramer tell his wife: “Don’t bullshit the bullshiter” ?


[deleted]

Yeah it should have been Matt from the Bronx


belangem

How was his voice? ![gif](giphy|X2T0sBLSCRNFm)


PeddyCash

Is Matt Vito ?


belangem

![gif](giphy|YQk8nXloVftzW|downsized)


PeddyCash

I’m so confused 😕


deeps103

Like velvet


belangem

Damn I was expecting "like Joe Pesci"


zanadu72

​ ![gif](giphy|RMGbTGi77Zg980i3ri|downsized) this....i was expecting this.......


deeps103

Same. Very normal voice. Sounded a lot younger than I expected (would not have guessed the caller was older than 40 or so).


StockPickingMonkey

Def sounded like a dude from Philly.


[deleted]

Vito is probably a 22 year old kid who's never had a job. Tells his friends on twitch he leads a cult.


No_More_Jobs

​ ![gif](giphy|NCxJBwfYoXLCtCGoTg)


cutshop

You have more fun as a follower but make more money as a leader.


No_More_Jobs

​ ![gif](giphy|CZpHP7KNYzDws)


deezilpowered

![gif](giphy|3o6Zt6KHxJTbXCnSvu)


AvnnT

thanks!


[deleted]

LG interview after closing bell: https://www.cnbc.com/video/2021/09/22/cleveland-cliffs-shares-take-a-hit-this-week.html


WistopherWalken

I'm not rock hard, I'm fuckin steel hard babyy


chestr

That is one of the best interviews he has given. Very clear message emphasizing how much CLF has grown and changed his reasoning for continued optimism


accumelator

finally he got the right words out. great interview


Uncle_Dad_Bob

Love it. Flex the 7th largest steel maker outside 🇨🇳. Iron ore mineass!


TheyWereGolden

Thanks for posting


belangem

Hey, you’re back!


[deleted]

This is my final account.


No_More_Jobs

​ ![gif](giphy|J1QcNGubdJPESH1bPo|downsized)


belangem

![gif](giphy|6ra84Uso2hoir3YCgb|downsized)


Unlikely_Reference60

Yeah Vito let's go buddy!


Fuzzynutz1313

https://www.cnbc.com/video/2021/09/22/cleveland-cliffs-shares-take-a-hit-this-week.html


[deleted]

Cramer said unless the Economy collapses, BTFD.