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".
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.