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Joel Smolen
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Joel Smolen is a seasoned hedge fund manager, venture capitalist and chief executive who has been creating value for clients and investors for over forty years. He is currently CEO of Axion Capital Management, LLC and personally manages the Axion Opportunity Fund, which he founded in 2001. Joel... More
My company:
Axion Capital Management
My blog:
The Axion Report
  • VALE update AM Monday 0 comments
    Apr 5, 2010 2:13 PM | about stocks: VALE
    VALE: Steelmakers have accepted iron ore pricing changes as mentioned in earlier article. Prices in the 2Q will probably be above US$100/mt -120/mt(FOB Brazil) and higher in the 3rd and 4th quarter 2010. Iron ore prices could increase by 120- 140% from existing levels,

    Vale's EBITDA could reach US$40bn- 45bn.

    Expect VALE to trade up this AM and consider target of 45 per share to still be reachable in 12 months or less

    Oil moving above 85 and could see 86-86.50 interday today
    Stocks: VALE
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  • VALE showing well in the chart. Expect a strong move up over next 5- 7 days
    Feb 14, 2011
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