Wed, Jul 23, 2014, 11:27 PM EDT - U.S. Markets closed

Recent

% | $
Click the to save as a favorite.

American National Bankshares Inc. Message Board

  • madmax19471952 madmax19471952 Jun 6, 2014 8:58 AM Flag

    o/t VALE

    Hello all

    Call me crazy I got a load of VALE: I may be in to early what say you???
    Vale S.A.: A Buy Or A Sell?
    Adnan Riaz • Mon, Jun. 2 • 20 Comments
    China's iron ore imports are expected to increase this year.
    Although iron ore prices are expected to decline, Vale has potential to generate healthy profits.
    Cost-cutting efforts and sale of non-core assets will help to improve its bottom line and strengthen the balance sheet.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Sarge, I agree with Stagg (I know, shocking) that VALE is at a low point and the technicals look to be turning up. Technically it is not oversold with the RSI at 48. I disagree with Stagg about it returning to its prior high of $35. I could see it go to $15 or $16, but I don't see the global economic growth and China is in a bubble. I haven't been following the latest news on iron ore prices, but the past history was distorted by China's epic building, the bubble which seems to be popping.

      • 3 Replies to marklibera
      • mark...most 'growing and well managed companies' will return to their previous all time highs (and more) eventually (it may take a long time)...i.e. SFL only needs about three more points to make a new all time high 'after several years'...more, global economic growth 'could improve a lot' because of the interest rate changes that are on-going at this time in Europe...

        Even if, VALE does not make a new all time high in the future, it would not take much for it to increase in share price by at least 50%...that said, we do not need a strong economy to make a profit investing, I have done better investing over the last several years than ever (even while the U.S and global markets were in a slump)...! Any investor that is not showing a strong on-going profit in the markets at this time, are invested in the wrong stuff (its that simple)...! $tagg...!

      • mark...I know that they say that China is in a bubble...however, my oldest son just came back from a business trip to China and he says 'there is new building going on everywhere' (he says people would not believe it)...my sons and their associates have developed a new product that will end up in 'most of the homes' around the world (no joke, and more on this very soon)...! $tagg...!

      • N+MARK
        Good message-- and things to ponder over

        I am up a tad today So far it is up 2.8%. Every thing you say is correct sometime ya gotta hold the nose and just buy LOL+++
        Sarge

    • sarge...I don't know if you are to early or not....however, I follow VALE (yield about 6.2%) and i feel it is a bargain 'here and now'...in my opinion, Vale is over sold and will rally very strong at some point in the future...Vale was about $35.00 a share back in 2011 and should return to that share price when their business picks up again...

      That said, I am not holding Vale but I still feel this is a good entry point as it will probably not go any lower in share price...myself, I am doing so good in the markets at this time that i am afraid to change anything (it will not last, but it is very sweet now)...! $tagg...!

 
AMNB
21.50+0.14(+0.66%)Jul 23 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.