Right across the board stocks didn't move at all, 1 penny up or down, since noon to close.
These trading algorithms need to go, they aren't adding anything.
They are purging.
Buy and sell for +1 cent higher, repeat.
Destroying trading, banks get less fees, market caps are out of balance.
This is what we want?
also, my $4 and $3.50 are doing very well. As when I bought $4 I also placed buys on $3.50, $3 and $2.50. I've yet to see $3 filled but I keep them open hoping to get it.
Cash Mccall, you can't state "That will help commodities enormously" and "I would be cautious with VALE Take some off the table" in the same post.
Listen to yourself, because you're right about the commodities and the dollar, but you somehow still fail to see VALE as a buy.
You of all people should know this is going to shortly return to at least book value $8+.
I see 2 possible scenarios for VALE:
scenario 1: the stock revisits $3 one last time = load up big time!
scenario 2: this consolidates at $4.20 for a few more days, breaks through $5 and gains big support, short covering taking it to $6.80 quickly (I recall that $6.80 being a resistance).
Honestly, it doesn't matter if this falls to $3 first as everyone knows to buy it. So you should have a strong position now and just buy more if it falls as a gift.
Fantastic! Thanks for the weak hands selling VALE at $3.50
I hope you sell more at $3 or even $2.50 next, I don't mind if this drops first before correcting.
I have more cash available, every 50 cent I have automatic buys placed.
so far I have $4 and $3.50 filled, and my amounts increase the lower it goes.
Very happy to buy this, everyone knows VALE is worth much more
I'm noticing the same thing.
All attempts under $3.80 are bouncing back quickly.
Bottom is being set here.
I predict that $4.10-$4.20 scares them all into covering it up over $5 and holding over $5 for a bit, before a next jump up on new uptrend of longs
congrats, you get it. Now buy lots of $3.80-$4 and wait.
Don't let these guys fool you.
I just got away with a whole bunch of HMY buys at $1-$1.35, it went down to $0.55 first
Now I've been selling most of it off at $3.40
No different, VALE is worth $12+, but first they will beat it down to $4 or $3 before it rises to $12
I watched my HMY shares go up 600% within 3 months, I knew the whole time it was manipulated.
VALE exactly the same, although I don't believe 600%, more like 300-400% here
The "China is slowing" CNN articles you have been seeing don't tell you the real facts.
Say China is importing 7% more iron ore each year, and then it comes in at 6.9% increase.
That is "slowing".
VALE gets 2.5B from China and the stock goes down more.
Their influence is powerful.
I just can't wait for it to turn the other way, and go overpriced from $4 to $12 within months probably.
I can't time when they will stop short attacking, so I'm in now and adding on all dips.
$4 is stupid, $3.80 is stupid...
Short interest has decreased nearly 40,000,000 shares in the last 5 months.
Not a good idea to fight this trend.
They are covering because a spike above $5 is likely to land in $6-$7 very quickly with more +10% days ahead.
If the rise wasn't justified the short interest would have grown larger.
You are insignificant to a 40M decrease in shares.
Your 500 shares won't sway that direction.
More short interest is to decrease sending this up
You only have to speculate 2 years out when VALE returns to $0.40 quarterly profits, this can't have a PE of 4
So, people now see iron ore going up and VALE returning to profits is in sight.
The book value is still $6.50 despite the bad times right now (still $2 higher than the share price).
Also, Revenue is going up to 26B in 2017 and may reach 30B by 2018.
If iron ore prices continue to slowly recover than VALE should be posting ~$1.50 earnings per year by 2018
That would put the stock back into the $15 area its traded at for way longer than this dip during commodity price bear attack.
If you had VALE at $6, $8 or even $10 or higher and you just wait this out you will be fine in the long run.
It's no different than your money sitting in the bank earning 0% interest for years
It's obvious to me this is now short term returning to $6.80, from then I expect Brazil to recover with a new president, and a return above $10 with confidence of big investors returning to an over $5 stock and Brazil recession end
this rally is way overdone, crude oil $36 is still losses across all CHK operations
$1.50 to $5? insane
CHK will still post big losses and big writedowns if oil stays here
This $5 share shouldn't exist unless crude oil were $45+
My reasoning is a pump and dump is occurring
This isn't worth $5, maybe $2.50 as it's still losing big per quarter at these oil prices
Sure oil went up 40%, but from $26.... It makes headline news look great.
It's still bad for CHK
The world is still over supplied with no end in sight, Iran making it worse
dont buy CHK, I would even advise shorting it as next week $5 will lose support and drop right back down to $3 or less, could make a nice 50% profit on that
once VALE breaks $5 and holds it will be $10 quickly.
So, expect it to trade between $4-$4.80 for awhile until it breaks out to $10.
There's something special about $5, gaining $5 supports a strong double to $10
losing $5 had this plummet to $2.
It won't stay at $5, gaurantee. It's no mans land
It's called manipulation.
It was fine all day and then a sudden 6% drop for nothing.
Still have a book value over $4 with profits every quarter.
Nothing to be afraid of owning it at $3