Well maybe I wasted my 4 years on a business degree too.
You're making a lot of optimistic assumptions. If the price is getting smashed, don't you think the people 'in the know', know more than you and I? If I see the price going down, it tells me the situation is bad and one should take a pessimistic approach.
Then of course there's this certain seawall that needs to be factored in.
Past financials and iron ore prices become instantly irrelevant should it go.
