Anyways, Government Is Thinking Of Levying Royalty Based On Current Iron Ore Prices....That Is Why....It Has Been Beaten Down, It Is A Phenomenon That Will Last As Long As The News Is Fresh, Thereafter It Will Get Back To What Is Happening Around The World In Terms Of Steel Uptake....& Iron Ore Prices....I Feel Beginning Of Next Year Or Towards The End Of This Year, When The Global Recovery Is More Talked About Along With Visible Global Recovery....You Will Have Iron Ore Companies Raising Prices Almost By Atleast 30%, Besides That SESAGOA Has Acquired Other Mines Recently
Therefore, Quite A Few Positives....For It, For Slightly Long Term Holding
savant sir
thankyou for those comments...i want to be like u someday!
for my other trader friends who r new to investing:
1. never invest all ur hard earned money in equities ...in other words dont put all ur eggs in one basket....
2.i have equally allocated my funds...gold,bonds,fds,property,cash..a little set aside for a rainy day...goes a long way and helps me to sleep peacefully.
3. equity is the best investment ...better than even property...for the long run.
i hope to come out of my losses someday...YES I CAN (obama)
Take For Instance Any One Stock From Your Portfolio
Note Down Quantity, Cost Per Stock
Now Comes The Trick
& Trick Is To Find Its Intraday Supports & Resistances Or Its Trading Range Either In 60 Min Time Frame, 30 Min TF Or 15 Min TF.
If Your Original Holding Is 100 Shares @ 100 Bucks & Its Previous Close Was Say 50 Bucks
Once You Find The Range You BUY At The Near Bottom Of The Range & Sell At Near Top Of The Range...Several Days Of Doing This Will Get Your Holding Price Very Close To Its Current Price Thereafter It Should Not Be Much Of A Problem Exiting The Counter With Profits.
Does It Sound Simple...It Probably Is Next Time Just Target One Stock From Your Portfolio & See If On Intraday Movement You Are Able To Catch Its Trading Range Wthout Actually Trading In It.....Once You Think You Can Catch The Range You Can Always Trade Live.