could very well be but then i would be buyer again in low 40(s) - I think there is more to cover here to going short until 50 if not 54-55.
battle will be again at 50 just as it was at 40
exactly - minimum price target is 55 going forward and who knows but very soon we will be in 50(s) if US dollar weakens a little bit here and china major stimulus might be coming around.
I wouldn't be short in any commodities and looking for long plays such as vale
stimulus is a start and much bigger one to come. No country wants to see deflation - Think about potential here with all of them printing - we haven't even started yet.
For today: I will be happy to see close around 45 and if DOW jumps another 150-200 points then maybe 46-46.5
Short interest is still huge and i think we can see 44-45
tomorrow. I'm planning to stay long until 50 at the least and if china stimulus is real news: I stay long for target of 60
anyways let's see how it plays out -
I'm planning to buy VALE tomorrow in my IRA for 1/2 year horizon at the least.
180 in bull days and 16 in bear days - somewhere along the line real valuation is
You are delusional if you think that 20 was right valuation as much as 180 -
I believe 60-70 isn't too crazy by MARCH 2015
I think tomorrow dollar weakens and commodities go higher and many shorts are trying to cover here today below 40 - short term pop for next 2 days is so possible to 43-43.5 if not more
Close around 40.3 is fine by me if not new 52 week high today
and its natural - besides just shorts its long term resistance too -
IF fed event drops US dollar for a day or two, X needs to take out 41 -
will be interesting if we manage close above 41 as short interest still very high here. IMO
so true !! - many believe for almost a year that we should be @11-12 right now - value plays takes longer though