GREY:ADEXF - Post by User
Comment by
rpdelucaon Jan 17, 2012 9:19am
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Post# 19411244
RE: Barry Shwartz
RE: Barry Shwartz Sure and Barry Schwartz was telling everyone to buy RIM when it was $70 and $60 and $50...
Do you actually think the Chinese are just looking 5-10 years down the road. They have plans that stretch over 100 years and securing supply of resources is their number one mandate....buying off the big 3 doesn not sit well for them. As well, if you look at some fo the most recent reports that have come out, most companies are using anywhere between $110-$115 price of iron ore. Did you actually think prices were going to stay elevated in the $180 mark...not possible...also keep in mind the surplus of iron ore assumes all projects that are out there are going to come on stream on time..
Just my thoughts...