Not really. It's a long term strategy. Run production at 110%, lower prices, drive out high cost competition, buy up the distressed assets, cut production, lift prices, profit.
No doubt quite a few short sighted investors have been burnt. Still more to fall IMHO.
Myself, I'm sitting on the sidelines waiting for a few more signs that the bottom is here before buying into the next boom. Stanmore Coal (SMR) is opening up early next year, a good sign that we are getting closer to the bottom. I'm waiting for a few more signs to buy, among them the imminent collapse of the (former) global giant AngloAmerican. See how the dust settles after that one...
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Last
$42.51 |
Change
0.450(1.07%) |
Mkt cap ! $216.0B |
Open | High | Low | Value | Volume |
$42.70 | $42.80 | $42.48 | $71.60M | 1.679M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 1657 | $42.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$42.51 | 1149 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 203 | 42.510 |
21 | 7330 | 42.500 |
12 | 2436 | 42.490 |
15 | 2835 | 42.480 |
9 | 2145 | 42.470 |
Price($) | Vol. | No. |
---|---|---|
42.520 | 784 | 5 |
42.530 | 2113 | 9 |
42.540 | 2564 | 10 |
42.550 | 1547 | 4 |
42.560 | 2272 | 11 |
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