IOH 0.00% 70.0¢ iron ore holdings limited

chart update, page-17

  1. 1,944 Posts.
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    As usual the share market is doing its usual thing based on peoples emotions of greed and fear, ie this stock was overbought, and recently has been oversold.

    Also, with the recent decline, many day traders stop losses would have been triggered thus initiating more selling.

    I don't really care either way this stock goes. If it goes down I buy more, and if it goes up my paper profit looks good.

    It's the long term view of a stock that counts, and the long term view of IOH hasn't changed in the last 24hours has it. With sales already tied up with RIO, an already established deposit (largest in the Pilbara outside of the big 3) and more drilling results to come, why would an investor walk away from a company like this?

    Unless you're a day trader, then it's a different story....

    There's still a 100% upside based on todays 'for sale' prices of IOH.

    Butchy.
 
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Currently unlisted public company.

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