Not sure u should be over confident on IO at the moment.
ArcelorMittal SA will drop steel prices for a second consecutive month next month as the global downturn starts to bite and demand declines. Moreover, prospects for further price drops in the medium term seem likely as the gloom in global financial markets spreads to other sectors.
http://www.resourceinvestor.com/pebble.asp?relid=46590
Iron Ore price will be retreating and so will the share prices of miners in that sector. How quickly things can change!
Not sure u should be over confident on IO at the...
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