I've lost enough money to learn that the fundamentals must come...

I've lost enough money to learn that the fundamentals must come first. Price is a secondary consideration, important, but not primary.
Gunns didn't have good fundamentals.
Arrium does.
The last time I decided I'd break my own rule on fundamentals was during a takeover. The CEO of the bidding company had delivered as the deal progressed. Then he got arrested by the Chinese govt then consequently executed.
Without the takeover, fundamentally that company was nothing more than an exploration punt.
I lost $800k. Sundance was the best lesson I learnt.
Arrium, as you can see today, was affected by sentiment regarding Janet Yellens upcoming speech plus IO being thrown around.
It's apparent now that the speech was more important than the IO price as I stated yesterday.
You've got a good stock, and yes it was cheap yesterday.
Can't wait to see their next set of results.