Post by
marsman1 on May 12, 2021 9:52am
I like CIA
But , a reporter this morning said that the steel companies are buying and hoarding iron ore because the are afraid that the Chineese Govt. could halt imports in the future. He was bearish on Iron ore. Maybe right , maybe wrong. In any case the price action did tell me to sell two days ago. I think CiA has prepared for events and I do expect great earnings going foward , but the market is the market . So I will reenter when and if it falls .
Comment by
WindsorGuy on May 12, 2021 11:45am
Despite higher bond yields high grade iron ore is holding firm (down 0,1%} Still a buyer. GLTA
Comment by
PROINVESTALOT on May 12, 2021 2:08pm
I will think of you when the share price will be over 10$ in the next few months...