yeah, a nice iron ore play, with growth as well, but lots of day to day variation from trading around short positions.
For example, the reported short trades in the last few days:
10/12/2012 8,288,916
11/12/2012 9,637,879
12/12/2012 6,058,157
13/12/2012 3,467,696
Quite a lot of the trading in fact. Total short positions on Monday had dropped a little to 188,416,454. If iron ore sticks solid above $120 or even $130 into the new year, it will be interesting.
The usual disclaimer on this data, good reasons to think it is on the low side, depending on definitions and reporting.
iron ore up again, page-36
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$22.36 |
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Mkt cap ! $68.84B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1690 | $22.35 |
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| $22.37 | 13926 | 2 |
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