Been watching this one knock around. Seems undervalued long-term at least. They had their profits miss. Down 6%+. Looks like yielding 10%ish. Good time to buy? Thanks.
%% I would consider it; if it cleared $14 + was LABU. Not long LABU now, but stalking it, maybe when it clsoes above $8.00.............................[LABU, not Vale]. Good southern question.
Thank you Mr. Turtle! Bought 300 shortly after I posted. I'm a sucker for those divvies!!! Now I need to check out LABU!
%% I've traded that VALE before. IF interested in mining stocks, VALE = good chart +dividend, buys around 50 day moving average . Looks more like a good trade than a long term dividend investment; but excellent elephant average volume regardless of direction.
Problem is China is the main buyer of Copper so these stocks will be under pressure until there is a clear recovery cycle for China to do more infrastructure spending. If you want high dividend, at least until a US recession occurs, you should just buy the oil stocks with variable dividends like DVN, COP, EOG and PXD. SHEL & BP are good too but their currency (GBP) seems shaky so you might lose in currency translation especially if the USD keeps rising.
Speaking of LABU. It should be a good day today especially after the JNJ buyout of Abiomed this morning. +50% its good to own Abiomed today.
Thanks guys. Well, VALE has skyrocketed. Seems not only are my market calls on fire, so are my individual stock calls LOL....
%% They're buying VALE+ many kinds of metals business. Elephants are doing a quiet stamped in that sector
Damn. DAMN. VALE up over 8% today. It's like I cannot lose on my stock picks. But I really wanted it to go lower so I could buy some more.