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12/08/21

18:46

Post #: 55246029
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Originally posted by Nolan78: ↑

China has delta hell now with many places in lock downs.

I see a possible super crash coming.
Its so similar to what was occurring in January 2020 and back then I had AWC shares, BHP, WES, CSR etc...
then I cleared every single stock and said so on the AWC forums and said we will see a massive super crash.
Most laughed then March 2020 it came where every stock free fell and freefell very hard.

Then a few months later the market started to rise and I still waited just in case it was a small bump before another
hard fall. I let the market go up about 20% then started buying again.

Same thing is happening globally with delta but I think far more serious this time round.
The Chinese vaccine is useless against delta. Its the vaccine Indonesia is using and why
they have so many deaths each day and out of control.

China will see many deaths and soon millions in a covid nightmare.

IO prices will collapse because they'll stop doing anything due to lock downs.
If their steel mills get delta then good night and expect a super crash.

The West has vaccines that work against delta where China doesn't and if China didn't upset the rest of the world with
their antics the west could have helped them out of their covid nightmare which they are about to experience.

China threats on Taiwan will be off the table for many months and war talk will be toned down by China but
China's problem is they talked it up and the west are now sending their naval fleets to the south china seas.

So this makes it very hard on whether to buy or sell. The market gets nervous on such things.
Its only now we see Chinese cities going into lock down and that will effect their economy and then
markets get the jitters and before anyone knows what is happening the market free falls.

I simply would not be buying any stock at present. It may well be a good time to bail. Its a 50-50 call.

Expand

If IO crashes, then just like at the start of the initial pandemic, once the fear is over and the delta strain becomes a thing of the past, China will be playing catchup so this time next year IO will be creeping to $300, and the share price will be going bonkers.

FMG Price at posting: $22.52 Sentiment: Hold Disclosure: Held
6 Upvote

0 Great analysis

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Last $22.10		Change 0.100(0.45%)		Mkt cap ! $68.04B

Open	High	Low	Value	Volume
$21.99	$22.22	$21.87	$84.79M	3.834M

Buyers (Bids)

No.	Vol.	Price($)
2	9803	$22.09

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Price($)	Vol.	No.
$22.11	10620	3

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No.	Vol.	Price($)
1	10	22.090
1	1400	22.060
1	2500	22.050
1	135	22.030
3	1485	22.010

Price($)	Vol.	No.
22.110	6540	1
22.130	107	1
22.150	1623	2
22.160	455	1
22.180	1850	1

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Iron ore price, page-35240

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Nimy to raise $1.21M to explore 'newsy' WA targets

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Immutep reports strong response rate from immunotherapies treating carcinomas

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Bitcoin investors need to know the risks

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

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Iron ore price, page-35240

Top Stories

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Nimy to raise $1.21M to explore 'newsy' WA targets

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Immutep reports strong response rate from immunotherapies treating carcinomas

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Bitcoin investors need to know the risks

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News