Always check the iron ore price, made a silly mistake today and sold some at R88 before I realized the iron ore price had jumped up over night. If the iron ore price holds up the shares are worth over R200
The prices fell too far. Shipping costs fell 90%. Not a ship on the 7 seas was making a profit. Platinum fell to 50% below the "then" extraction cost. The world's biggest miners were all underwater. It had to turn sometime. I've seen similar before and I've learned to just pick a "silly enough" bottom price... hold my nose and dive in! Perhaps it will pull back! I'll cross that bridge when I come to it!
Candles are for burning. That should get some response. They will go up until they go down! Higher or lower - there will be the usual slew of "hindsight pattern identifiers." Buy value. Sell it when it stops running or when you no longer see value.
Simon - after the rout - everyone was on about the potential short squeeze in the shares (ANGLO had 1 in 5 shares out on loan.) They have forgotten to mention the short positions in the metal markets. These have not begun to move yet. The shares always pedicting this action in advance! Those are mostly large scale contracts with mega counter-parties. This could get violent. I HOPE!