why Vale is down again today?

Why Vale down again today? yesterday it was down about 8%, and today it is down again even all the energy stocks are up and iron ore is up so much.

 

• 1Q iron ore output 77.5m tons including 3rd-party purchases; compares with 78.4m average analyst estimate excluding 3rd-party purchases
• Says in report after close of trading yday that annual production expected to come in at lower limit of 340m to 350m-ton guidance range

Source: Bloomberg

 

Are you long ?
I've read somewhere that when people ask why.
It's actually to rationalize and say "Oh, That's bullshit. That's fine".

 

I am long and think VALE will go above 10 soon

 

How much are you willing to risk ?
Are you ready to burn your account ?

 

so you think VALE will go bankrupt?

 

No. I don't know about VALE.

 

You are the guy who predicted he would take 1K to 500K in 8 months the lost his entire account in 10 days.

I don't think you should be giving any trading advice to anyone. Especially if you don't know anything about VALE which is what he wanted to discuss.

 

laugh