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Vale S.A. Message Board

  • imaginejml Nov 7, 2013 11:29 AM Flag

    Man. a 5% DROP in 2 hours for VALE and CLF. The CEO said some good things and the ER was great regarding net income being up 6% over

    analysts estimates, COG and G&A expenses being down, all favorable. They also expect IO pricing to remain stable.

    I bought VALE yesterday on anticipation of the report they had, but not on the drop these IO producers are seeing today.

    I wonder how much of this is due more to the euro stories today than the ER?

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