only a bit over 1% of the stock turned over on a day when it fell 35%...that must almost be a record....shows the major shareholders are not selling which I think is interesting.....strikes me as a short term low has been reached. but as usual, falling knife comment is appropriate...
The weather in dec/January does seem to have been at the upper end of weather events in the Pilbara in terms of rain...Noticed this on a few other stocks I hold as well....rain was bigger than usual, almost a record over those 2 months..once Iron ore gets wet you cant ship it....so maybe this story is true.
MCS Price at posting:
72.0¢ Sentiment: Hold Disclosure: Held
