Iron ore price, page-36759

Dropped $2.28 a share today and this isn't the worst of it.
It will drop sub $17 a share and may get as low as $15 a share.

It will be a timing and date I have set in my mind when to buy back.
I'll post when I buy them back and not before.

I suspect I'll be buying in at $16.50 or something like that then watch it rise up
and in 5 months time it will peak i the mid $20 range so $25 then sell and the pattern starts again.
So that would be another gain of $8500.

Look at the biggest selling then biggest buying patterns on either side of dividends.

So far I am up over $900 from the buy the sell. I waited a day to long but won't make that mistake again.
Could have made about $1500 on the 1000 shares I bought then sold.

I see myself getting a discount of $4 a share when I buy back after selling at $20.80 then in six months
time pattern repeats and from 1000 shares make $15k profit and even after tax I am well ahead of waiting
for dividends over a year.

1000 share gamble paid off. Next time round will try for 3000 shares.

Its what super funds do too but they go far harder and short as do a few in here.