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No increase is ever linear - there was a dip to buy just today for example. Mining stocks were always going to get hit despite the domestic coronavirus cases actually having very little to do with their market.

Dunno about you but with a position like this I'll never sell/buy the whole thing, I'll leave say 50% untouched and play around with the other half trying to pick dips like what was obviously going to happen today.

We can now expect a bounceback as everyone realise that one coronavirus case in victoria isn't exactly going to effect the chinese iron ore demand much.

There's also all kinds of other funny business like how the chinese still produce steel flat out even when there's no market for it and then dump it in sports stadiums when their storage yards reach capacity, but that's probably beyond the scope of this thread.

There's all kinds of funny business like that that those in the iron ore business know occurs all the time.

<blockquote data-quote="over9k" data-source="post: 1076912" data-attributes="member: 82196">No increase is ever linear - there was a dip to buy just today for example. Mining stocks were always going to get hit despite the domestic coronavirus cases actually having very little to do with their market.Dunno about you but with a position like this I&#039;ll never sell/buy the whole thing, I&#039;ll leave say 50% untouched and play around with the other half trying to pick dips like what was obviously going to happen today.We can now expect a bounceback as everyone realise that one coronavirus case in victoria isn&#039;t exactly going to effect the chinese iron ore demand much.There&#039;s also all kinds of other funny business like how the chinese still produce steel flat out even when there&#039;s no market for it and then dump it in sports stadiums when their storage yards reach capacity, but that&#039;s probably beyond the scope of this thread. There&#039;s all kinds of funny business like that that those in the iron ore business know occurs all the time.</blockquote>

[QUOTE="over9k, post: 1076912, member: 82196"] No increase is ever linear - there was a dip to buy just today for example. Mining stocks were always going to get hit despite the domestic coronavirus cases actually having very little to do with their market. Dunno about you but with a position like this I'll never sell/buy the whole thing, I'll leave say 50% untouched and play around with the other half trying to pick dips like what was obviously going to happen today. We can now expect a bounceback as everyone realise that one coronavirus case in victoria isn't exactly going to effect the chinese iron ore demand much. There's also all kinds of other funny business like how the chinese still produce steel flat out even when there's no market for it and then dump it in sports stadiums when their storage yards reach capacity, but that's probably beyond the scope of this thread. There's all kinds of funny business like that that those in the iron ore business know occurs all the time. [/QUOTE]

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