Iron ore price, page-43653

Coming after a 65% rise from the recent $13.90 low, a drop to $19 odd is not at all outside the parameters of trading in this stock, imo. In fact technically focused types might indicate a pull back to $18.50 or so - 50% of the recent rise - would be normal before the overall rising trend recommences.... some perspective may be gained by taking a look at the 5 year chart:

The overall trend remains upward, periodic falls notwithstanding and it might also be useful for some to remember that not everyone on the register bought their stock in the last week.... and even the recent low was way higher than many holders' average entry price.