nice time for quarterly, page-49

IMO

IO is being talked down big time continually and its not going to stop until finally the market turns around and says.....this is all too cheap.

When this will happen??? who knows....AGO might get to 50-60 cents , rio to $40ish , bhp to $25ish......but

Eventually a couple of analysts will come out and say "outlook is not that bad, over supply is not looking likely blah blah blah blah" and the prices of IO will rise and the SP's of the above will all go up again.

The stock market is all about negativity. When the market is going down everyone says "the world is coming to an end" when the market is going up they say "this can't last forever" its always about negativity.

The traders are in and out of stocks accordingly and make their money continually while the ordinary holders of stock get smacked around from one end to the other.

My advice to anyone who can hold is "don't panic" markets do turn around. Negative sectors turnaround, as long as you don't hold shares in companies that are going broke there is a very good chance that you will sit on a profit eventually.

But I'm not sugar coating whats happening to IO ATM...scary times are here for the short term.

A Similar thing happened to the coal sector in the last 12 months. But coal's biggest problem is that GAS has taken over some of coals market....unless they can make steel from gas we should be OK.