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To: Jacob Snyder who wrote (12762)	6/25/2013 9:40:49 AM
From: Jacob Snyder	2 Recommendations Recommended By Return to Sender Woody_Nickels Read Replies (2) \| Respond to of 13403

VALE bot 2000 @ $13.30 at the open; this could easily be a LT hold for its dividend and very low valuation. However, with both its industry (iron ore mining) and country (Brazil) out of favor, and its ugly chart, it could easily keep making new lows. I'm going long, because every time it has been this far below its 50dma, there has been a rebound. So, if it goes lower I'll probably buy more; if it goes up, I'll consider selling if it gets back up to the 50dma ($15.5 currently) and stalls.