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To: donc who wrote (173683)10/27/2012 4:24:42 PM
From: tom pope  Respond to of 206203
 
VALE would be value in that case.



To: donc who wrote (173683)10/27/2012 4:35:34 PM
From: upanddown1 Recommendation  Read Replies (1) | Respond to of 206203
 
so we should be watching CLF for a buy point..i took the article to
mean that China's slump may be ending.


Hope you are right, Don. My CLF puts for Jan (30,35,40) were looking great until this week. I was blindsided by the really bad report from CLF. I thought the recent upswing in iron ore prices would have produced better results. If current prices @ 120 or so can be maintained, 4Q should be better.

I have a hard time getting my mind around the idea that 6-7% GROWTH is a slump.

If we had half that growth rate in this country, it would be "Happy days are here again".

John