Buy in fear which is the best time to be buying.Iron ore a few...

Buy in fear which is the best time to be buying.

Iron ore a few months ago was low too at under $100US/T.
Now its booming at above $140US/T and FMG gone from about $18 to $28 a share.

Over supply issue will soon be corrected when the junior miners start losing money and going broke.
That leaves the bigger boys like PLS to make even more money due to the ore price going back up.

Seen it to many time sin the past.

Then go add the fact every single car company is going EV, governments are going battery backups
and soon demand will out strip supply and prices rise. The junior miners won't be around to see it.

I know a fair number that are waiting for the magical $3.50 figure then they'll keep buying and the reason will be the shorters
that short a stock need to buy back at the higher prices.

I am part of a large group of investors that are just waiting so short away and I'll be thrilled as will many others to buy up cheap stock at bargain prices.
Its bargain time now but shorters think they can short it further so let them. They can lose money next week.