Sold CLF

I sold out of my Cliffs Natural Resources (CLF) position this morning for $71.00 a share, as the net profit margin is narrowing. It represents a $16.30 per share loss from the $87.30 purchase last August. CLF is in a commoditized industry (steel), so it was not a pure Buffett play.

This loss speaks well to my decision to go back to college and invest there in an economics degree.