"so why is it sold down and doesn't seem able to break 23.5??"
Because TTY won't do much until the IRON ORE NEGOTIATIONS with the majors is finalized. The market can't value this until there is a new benchmark price. Anything under 30% drop in iron ore prices and this one will move up, probably significantly in the short term. Between 30% to 40% drop and it will still be a profitable company. 40% to 50% and the market will get nervous. Anything over 50% and this one is close to being in trouble.
TTY Price at posting:
19.5¢ Sentiment: Hold Disclosure: Held
