
I don't think it is funny when someone could have bought maybe 20 to 30 lots on this counter when it is on the high side.
Currently the stock price has dipped like 20%. If you look at the chart in the past yrs, there is a cyclical movement. What comes down will come up again.
As you said the fundamentals are quite strong for this company. I think ti will rebound once it reaches rock bottom. The last bottom was 1.86.
 
It started with a repotr from OCBC REsearch, TP 2.10..
 
Peg_li ( Date: 18-Apr-2012 22:34) Posted:
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but stock sentiment is weak although fundamental seems strong...
 
Peg_li ( Date: 18-Apr-2012 22:34) Posted:
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This stock income,profit and dividend etc are all very good!
but look at price, really manipulated by some people.
1.    we can not say that is   due to china economy slow down.  China GDP still is  above 8%. coal is consumable resource.
          the major customers of the company is Japan. not affected by China so much.
2. don't know who are the facking guys created the rumor the indonesia government will tax 25% to 50 for exporting and        banned the export of coal and mine  to foreign country. this article might wrote by those facking shorting guys.they are really facking facking bad guys!
 
stockmarketmind ( Date: 18-Apr-2012 22:22) Posted:
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Really don't know who are those facking guys shorting.
Everyday short,short,short! Fack!!!!!!

Unlikely.
 
for now though...might be juz 2nd floor...may go lower...
 
genting^2 ( Date: 18-Apr-2012 17:04) Posted:
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Low floor 2.04-2.05
 
http://www.cnbc.com/id/47070139
Mining companies have suffered from a selloff recently, but are set to return to favor with a number of analysts recommending buying after recent losses.
The sector has fallen out of favor as worries about growth in China have dampened prices for metals such as copper and iron ore. This wasn’t helped by mining giant Rio Tinto reporting worse-than-expected falls in iron ore and copper production for the first quarter of 2012, which it blamed on weather conditions.
 
Valuations (measured by share price to earnings) are approaching levels last seen in the first quarter of 2009, when the industry was plagued by questions about how it would fund further mining and exploration as credit lines threatened to dry up and some companies looked at risk of breaching their banking covenants.
There is also the growing threat of resource nationalism, shown in Argentina moving to seize control of YPF, part-owned by Spanish energy company Repsol. The cost of oil [LCOCV1 118.46 -0.32 (-0.27%)
] is also hiking the cost of production across the board.
With the Stoxx Europe 600 Basic Resources [SXPP 475.85 5.42 (+1.15%)
] close to 20 percent lower than its recent highs, analysts at Deutsche Bank believe it is time to buy on weakness in the sector. They argue that the index usually pulls back by about 15 percent to 25 percent during its bull market declines, which suggests that it is now close to the bottom.
 
MORE STOCK BLOGS
Current DateTime: 01:26:03 18 Apr 2012
LinksList Documentid: 47073869
 
“Natural resources have lagged other sectors such as autos and chemicals which already had good recoveries in earnings momentum. Miners earnings are showing early signs of troughing,” they wrote in a research note.
Worries about growth in China, now the world’s biggest economy and one of its fastest-growing markets for resources such as metals and coal, are overdone, according to Deutsche Bank. The analysts recommend buying Rio, or September options on the Mining and Basic Resources Index, to give time for the sector to rally.
Andrew Latto, senior analyst at Fat Prophets, points out that iron ore prices and copper prices holding up well. Fat Prophets recommends buying Rio as well as BHP Billiton and Anglo American, and has a hold recommendation on Xstrata, which is in the process of being taken over by commodities trader
slowly crawling bac from the dead...
 
bishan22 ( Date: 18-Apr-2012 15:51) Posted:
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Mining Stocks Rock Bottom Is Near

wangerism ( Date: 18-Apr-2012 15:48) Posted:
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still cant find the floor...