It was probably shorters manipulating the stock.But the fact is...

It was probably shorters manipulating the stock.

But the fact is they can only do it if a number things out of their control work in their favour.

AGO rises and falls with the price of IO.

Iron Ore went up to where it is now because of the growing demand in China.
Because of the government stimulus and because their port inventories had dropped right back.

The IO price took off again(like a rocket), because of the mines in Goa being shut down and because cyclone Narrelle was threatening WA.

The cyclone backed off and they started to have talk about an impasse in the US debt ceiling which sent IO down to where it is now.

That's it, except this afternoon news that the Germans voted for Socialist in Lower Saxony which could be terrible for Germany and Europe if they get hold of the whole country. This has the ability to spook markets.

Why didn't the rest of the miners drop as well, the fact is there wasn't a lot movement today. The US had a holiday.

When the IO price stabilizes and starts going up then every one will jump on it.

I see the share price right now as real opportunity.
Investors who take short positions at the moment are taking a big risk no matter who they are, and IMO they are giving the rest of us opportunities we wouldn't otherwise have.