Replies to post #7493 on The Rising Influence of Rising Affluence

[go seek]

out of CLF... couple weeks back.
VALE may be OK here, as it is a low(er) cost IO producer... I hold a small position in it.

Suppose I should be thinking longer term... but I am not that patient and with CLF the risks (for me) outweigh the potential rewards.

CLF has become a target of shorts and the prevalent lower IO price trend sentiment.

All told, I broke even with my venture into the IO trade mid Feb 2013.
But it was one helluva a ride that I'd rather not repeat. I am not a rich man. One of my weaknesses is failure to diversify adequately when I latch onto 'a company'.

I was forced to learn a lot about iron ore / commodities in the past 6 months... this knowledge may serve me in future opportunities / trades. For that I am grateful.