According to the Company`s recent report, for 10M2016 Ferrexpo reduced commercial iron ore pellet production by 4.6%. The owner is at loggerheads with local authorities... I`m going to sell.
Onedb1, again see your point... Hold or buy, heh heh. The dip surprised me a bit, but it happens. Antonio, so far it's weathered the storm. Kind of old news unless there is really something new. Had my panic attack already a week ago. Shrug. Haven't seen anything on this since last month so I'd be more watchng world demand/production than worrying about politics for now.
he bankruptcy of Finances and Credit Bank will bring lots of problems to Ferrexpo investors. I have talked recently with some locals from Ukraine. Their central bank governors consider the possibility to take Ferrexpo under their control. Zhevago gave his guarantees while obtaining credits from their central bank. Later the bank collapsed. So, now Zhevaho has to respond with all his assets, including Ferrexpo.
To be noted that Cantor upgraded Ferrexpo today to 166p Could be quite a bargain today's pull back Am just about to purchase 1 unit in this now . Too tempting . I'll post the charts on this later as both weekly and daily charts looking good . Iron ore prices also keep on doing well and my target right from the 40s to 70s was always in stages. 100. 110 120 130 and next stop 160s . Took all the pull backs too bar 1 . So hoping that track record continues despite there being no guarantee
Purchase Just bought a second tranche at 124.20 on pullback to 50ema
First target achieved and passing it brings or could bring a beautiful target now ! This has been a beautiful stock to trade , same as Ithaca Energy 160p is where the chart says is target 2 ! Beautiful Breaking out of the 130 ceiling now ! Wish iii had a competition for traders ! Will prove that good TA trumps all the rest once and for all )) Even my AMC 8p to 10p trade was mentioned well in advance ! Am not achieving target on PMO ( posted long at 50 and SL at 45p. my first target came close to the 60 level , but I did not sell. ! Shame for a couple of AIM punts that didn't go as well though. Trading goes much better thankfully
!!! sorry for the double post.
onedb1, what are you thinking re 130? I thought it was going to go past 130 too.. was thinking like you... It's not enough to say it's lost momentum--but you can see by my earlier posts that I was going back and forth to begin with. Anyone following China closely on this?.
Hung in there and thought we might break through... still hanging.
Re: In my view this is heading back to am Long here by the way , and will add as we move up . Love this chart
I can see that, onedb1. Looks like last week's news didn't slow anything down... I'm watching it though... a bit nervous still.
In my view this is heading back to retest the recent highs . So a min of 130 ! Pass that and we move to 160s Nice
Re: FXPO Stream Log Nobody out there? Trying to look at the long run, but any comments welcome.
Bank of Finance and Credit--possible arrests... yeah, I am getting worried. I posted this on another forum, but I don't see any answers over there yet. My big question--which is I guess the question everyone should have is how or whether the reputational issues are going to drag this down. I've had a couple of locals pull media articles for me from the Ukrainian press, and it looks like this is going to get ugly. So should I be panicked? I am more exposed than I like, but I've always liked this stock. But what would be a worst case scenario? What if Zhevago gets charged? Is the core business far enough from the bank issues to keep rolling? Or is this the real reason behind the "sell" recs? (Apart from Deutsche, of course, which has almost always said buy).
News from Friday on bonds issue Sorry, didn't fill in the subject line on my last post.