Alderon Iron Ore Corp AXXDF

RE: RE: How long the rally continue?

[Shmoogs]

IMO the rally hasn't started. Look at the volume today. 1.2 mill shares traded and still closed at $1.67. This tells me that sellers want more for shares and buyers are willing to pay for them. This also tells me that there was a tiny bit of profit taking but also a lot of buying from those who wanted to wait until risk was removed. Monday will obviously open higher than today's close and we will be trending up daily with maybe a few days of profit taking. $2.00 will be no problem going forward so don't let goof ball scare the people again , lol. 

Remember that the stock went from $1.15 to $2.18 just on the risk removed from the FS scare and the price of iron ore was also low at the time. Now the FS scare is past us , price of iron ore has stabilized back up  & the Hebei deal is done . There is no reason why this stock doesn't trend up to $3.00 but my short term target is $2.00 and then the re ratings from all the houses will take it to $3.00.