YML unknown

up 12 percent today....going to 70 cents soon

  1. 9,188 Posts.
    looking VERY, VERY STRONG

    in my eyes, yml was clearly sold down by someone wanting to pick up the options cheaply

    think about it

    those options at 12-13cents 2 weeks ago are now worth 32.5 cents

    thats a 300% 2 week gain

    fundamentals are great for this company

    i think they will firm up 60-100mn tonnes at around 58%Fe

    As ive said, holding for rest of year at least

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