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I fully agree with you that the current SP has nothing to do...

  1. serena
    10,370 Posts.
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    04/12/14
    15:58
    Post #: 14409117
    I fully agree with you that the current SP has nothing to do with iron ore price. Someone has been playing the game. It looks like that the SP is forced down. Some investors purposely placed sell orders of $12 million at 0.028. If they really want to sell it why put large sell order while the buy side is very weak. It does not make sense at all.
    SDL Price at posting: 2.6¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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