With the recent stuff in the press about the increases in iron ore prices being demanded by BHP, Vale and RIO (up to 50% increases), it is no wonder people are starting to panic buy into stocks like IOH. All my sentiment based indicators are heading north, indicating that people dont want to be left behind as this one leaves the station. IOH was recently rated as a better buy that FMG by brokers on Sky Business Channel.
I have no upside target, but would be interested in what others think.
DYOR I hold.
IOH Price at posting:
$2.38 Sentiment: LT Buy Disclosure: Held
