Sunday, February 21, 2016

The Iron Ore Business In One Stock Chart

Having dropped from $101 to $1.81...
From CycleTrading:

o clf

The writer is wondering if the stock is a trade on the long side, which is not our style, but the chart is so telling of the mania and just so...perfect.

By-the-bye that first peak is over $120.00 while the '01 and '03 lows were around $1.80 making one heck of a round trip.