Tricky times for us now. Having said that, if you look at the charts of successful IO companies they are scary. I am very sure that we will see better times ahead, "this too shall pass" as they say. The US$ should strengthen, commodity prices (particularly IO which is contract traded) doesn't seem too affected should base and we have the ability to put 8 - 12 cents back on in a matter of days. The sell down hasn't been impulsive but consistent. The volumes are not very large relatively.
I think that one of the issues that will confront us (and I am a bit apprehensive on how I will deal with it) will be the days when we get 20+ cents movement. Perhaps more. That is the nature of the journey as it has been for the Atlas, Fortescues, Gindalbies etc... IO will never be a steady line up - nor will anything else for that matter. The quesiton to me is how we will get through to the $2.00 level without panic selling. That is the case for holding I guess. There is a risk - but there always is no matter what you do.
- Forums
- ASX - By Stock
- SDL
- bell potters view on io price
bell potters view on io price, page-15
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)