Again volume up over the norm today, could be shaking out the remainder of the scared investors. Even if this drops to $11, $10, or $9 there is much value in this company and financial institutions know it. Once this turns it will go up fast, it is priced currently at book value. Remember, the low price of iron ore will close many of the mines which cannot afford to remain open. Once the damage has been done it will leave only the stronger companies left to survive, VALE being one of them. If you can put up with some pain in the short term you will be rewarded with this in the longer run. I still believe at a minimum we are looking at a $20 stock. Good Luck Board!