gday tradinatoryer agree.. lots of negative sentiment around...

gday tradinator

yer agree.. lots of negative sentiment around IO.. and rightly so, Chinese steel stocks in surplus and no sign of consumption increase with the government applying pressure to curb it..

@ $35 it begins to look interesting

but with the sector so unloved what's the trigger for a turnaround... i guess there's always the promise of a spike or Chinese stimulus for a mid-range trader like myself

i don't mind the sp defying the odds and going up as I'm a big holder of FMG

but should it continue dipping, i lay in wait...
as i am with RIO (better div)