GREY:ADEXF - Post by User
Comment by
rpdelucaon Apr 19, 2012 12:36pm
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Post# 19812717
RE: RE: Curious...
RE: RE: Curious... Getting back to your question B-Diddy: ; Yes AXI has been under pressure the last week or so and has slipped back. Unfortunately when there is no news to report, retail investors become impatient and sell out. News will come..You cannot just look a couple of days here and there.
If you take a look at many of the iron ore players over the last 3 months, you'll see that any investment you would have made into these companies would be at a loss today. It's unfortunate but the iron ore sector has not been keeping track with the overall market. If you do a 1 year timeframe, it's even worse. Here is a quick snapshot of where companies were approximatly 3 months ago (high price vs today's price). Bottom line is all of these companies have declined over 30% in the last 3 months except for ADV which down about 11%. That being said, with their recent deal with Hebei Steel, you would think they would be trading much higher....
LIM: $6.50 - $4.10
ADI: $1.40 - 91 cents
NML $3.25 - $1.99
AXI 42 cents - 29 cents
CHM $2.20 - $1.46
FEO 45 cents - 30 cents
ADV: $3.60 - $3.19