Vale S. A. (VALE)

[TraderForLife009]

I take it you don't think it could possibly drop to $1.5 or so. I'm not thinking bankruptcy yet but I don't think the current rise in Chinese 62% iron ore prices will pick up much more. In fact, I think we will see a low in the extended futures in the low $20 range to maybe as low as the upper teens. I just don't think the market players are ready to run iron ore back up until the big 3 feel enough pain to repent and drastically lower their production numbers.

Nickle/copper is also hurting this company and nickel/copper doesn't seem to be rebounding very much at the moment.

Who knows, commodity pricing may stay low for a couple more years. If that's the case, who knows how low the market might take this company and others. It's a cruel game these financial guys play.

You also have to remember there are more than 3.2 billion shares outstanding.

Well, good luck. If your right, sucks for me.