Ferrexpo Share Discussion Threads

[onedb1] 09/3/2017 11:44

Mister MD,Compare 2016 h2 average price achieved to the $85 now Still about $30s up. So this is just private investor panic IMO. I know it touched mid $90 but that was never sustainable A return back up into the 150s would possibly negate this break. Today or tomorrow .

[gilesgraves] 09/3/2017 11:41

Im going to buy back here. +66% to 230

[mister md] 09/3/2017 11:03

hxxps://www.businessinsider.com.au/iron-ores-price-slide-is-gathering-pace-2017-3

[bellbottom] 09/3/2017 11:01

God, I do hate the stock market sometimes (actually, most of the time).

Any further ideas anyone?

[onedb1] 09/3/2017 11:01

No idea but as I said the primary trend line was of technical importance . They decided to breach it . Iron ore prices aren't even close to H2 2016 which still managed a great cash build .So it's all nuts . I don't sadly understand . Results due this month should at least vindicate my view . Whilst price seems to do what it wants in the past week

[discodave4] 09/3/2017 10:47

I've been stopped out now!, this is ridiculous:(

[bellbottom] 09/3/2017 09:49

Lets just hope its the inst seller effect and not some other, as yet, undisclosed bad news. I've been in since 33p and still long and in profit. But I always get the jitters when share price takes a series of daily drops with no definitive reasoning - apart from possible large seller influence on the price.

Lots more red on my portfolio today, which mainly made up of miners.

Have trawled the net for any potential 'other' news and can't find a hint of what that could be so tend to agree with the general consensus.

Maybe Friday will buck the trend?

[pbutterworth1] 09/3/2017 09:44

Undoubtedly temporary blip. Will re enter, and in meantime have modest holding

[onedb1] 09/3/2017 09:38

Kaz minerals had a similar situation around the 290s . I thought the trend was broken , it then regained the trend and topped at 560 !! I was long from 100s . I was stopped and then had to re enter .

[onedb1] 09/3/2017 09:35

I think that the insti trader has played it badly or maybe not . But it forced me out . Maybe it rallies back up as they may have forced the likes of me out on purpose . As I said I don't believe that the current revenue generation and all the rest are remotely factored in the price . I will go long if we see a return to bullish momentum .

[pbutterworth1] 09/3/2017 09:31

I am all out, big time. Disappointed. I like FXPO. Will keep an eye

[gilesgraves] 09/3/2017 09:06

Dont give up Onedb. We are going to 230...just via timbuktu. If you order a taxi you don't give a monkeys where it goes from the time you order it to the time it arrives at your house. 22nd March results will be good. Mid April we will be at 230.

[p163] 09/3/2017 09:02

Hoping low of 145p has reached and it will be backing up to 150p?

[discodave4] 09/3/2017 09:01

OneTake my hat off to you, wish I was up!, bought into the trend a bit too early.Adjusted my stop last night, the way this is moving I don't want to get stopped out just when it's the time to go long IMO - and get to your 230!.All the best, shouldn't be too disappointed with 100% profit!.DD

[onedb1] 09/3/2017 08:22

I got stopped out. Disappointed but my rules are TA based. I still don't understand why ? given that we are having the best 2 /3 months in ages . I have posted multiple times on this too. More than 100% gain here , so I shouldn't be disappointed but given my 230 target , I am. Will continue to follow as its getting oversold now

[discodave4] 09/3/2017 07:55

Thanks Giles - did google volume weighted average price, every day is a day for learning!.

[gilesgraves] 09/3/2017 07:30

I appreciate what you're saying butterworth. I may buy back in during the first few minutes today. But im not going to hold when the rally fades again like every day for the past week or two. I just don't see the point.

Discodave - VWAP is simply an average price and its a calculation based on volume traded and cost

[discodave4] 08/3/2017 21:41

What's VWAP?

[onedb1] 08/3/2017 21:18

Evening gents ;-)

Took a look at Iron Ore prices and they closed at $85.3 , indeed lower than recent but much higher than in Jan and Feb ! Maybe its as Giles says, and I was hinting. We had or still have some insti selling.
Its taken FXPO price to the all important Primary Trend line now .

If the seller is smart it won't want to entice technical traders to sell. At least that is my view , but given that the seller has sold sub VWAP am not sure what they are doing . Normally a trader is instructed to have the least possible market impact for cost benefit reasons . Below the Primary trend line if the insti selling view is correct they will lose money and it won't be a smart idea to take it there .

Am holding on, very close to my stop . Would be surprised if i had to sell and disappointed despite the excellent run as I still have around 230p target , which is still valid till the primary trend is confirmed as broken , so far it isn't .

As on fundamentals things are going well with even Fitch upgrading FXPO's debt .

Interesting to note that there is no big short against Fxpo ! Ie nobody with over 0,5%.
So no shorters to blame here .

I actually reckon that the trader in charge is doing a poor job of his order ! Hopefully he/she has finished.

Back to my charts ;-)

[pbutterworth1] 08/3/2017 18:44

....giles, as you you already know, the problem with waiting for an rns could be that quite often its too late when the rns hits the street. I am staying fully in and committed for the time being.... GLA

[gilesgraves] 08/3/2017 17:01

And for the record Im on the sidelines for now having sold all but a small remainder of shares. Im ready to jump back in as soon as we get that RNS. Or, i appreciate I may be wrong and I'm ready to jump back in when the iron ore price or the share price movement gives me some confidence. Thursday...difficult day to get stuck in FXPO as Fridays always seem to tail off. But i will be watching closely.

[gilesgraves] 08/3/2017 16:58

Two things have been happening in my opinion. Firstly I believe there is a seller. A big one. Selling approximately 8%. The second thing is this has weakened with the Iron ore price. Once we get the RNS i think it will move higher quite quickly. Without the seller I think price would be about 15% higher.

[onedb1] 08/3/2017 16:38

Need the bounce tomorrow ! At least on technicals . Strange situation where the value of the company is increasing yet price has taken quite a beating in the past week or so . No holdings RNS either . Life gets tougher for fundamental and technical analysts when ETFs get involved . They scupper all analysis and it becomes just order flow

[gilesgraves] 08/3/2017 10:08

Agreed...but I sold at 157.35. Will buy back shortly.

[onedb1] 08/3/2017 10:05

Bounced off perfectly . I obviously remain long I was using $50m in EBitda a month , Granto's figures are even more bullish .Am happier to see technical support and things working well.So at the moment all is good. I reckon that due to ETFs holding this stock we now see unexplained volatility . But the general TA and fundamentals view remains good