thanks to the BHP/RIO iron ore operations being merged there has been a tidal wave of cash wash through the whole sector in the last week, there is now signs that some of the more speculative names are beginning to draw some interest, and this is where substantial profits can be gained in quick time if you can get ahead of the stock rotation.
With most of the large and mid-cap iron ore plays already moving substanially it may pay to look at some of the more speculative names ahead of any upcoming news, look for increased volume as a great indication of pending news.
Below are a few names that have a history of running hard on the back of a surging interest in iron ore.
PDY - has had an incredible run over recent days and is likely to retain interest heading into july and their latest drilling results.
HAW - today saw a massive increase in volume, which usually indicates pending news. And with drilling results from their Mt Bevan iron ore drilling due next week it is setting itself up as a great short term momentum play.
CUL - is another that has a habbit of running hard when iron ore is in focus.
GDA - is usually last to move but certainly has some trading upside from these levels.
