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This seems to be the bottom for this stock right here. It's a buy and hold until the next leg up.
Support is around 55.
The support level I see is around $53-50. I have gone all in at $54 but will take my lumps and cut loose if it drops below $50. I think it will make it to the low $40's if it does. I agree with the fundies that Iron Ore demand is still booming and that this is undervalued at $50.