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Downturn in metal stocks overdone?

Discussion in 'Stock Market News & Analysis' started by karthik.s, Nov 12, 2013.

  1. karthik.s

    karthik.s New Member

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    Occupation:
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    When 2013 came, there were some expectations about possible continuation of rally in metal stocks. However, metal prices across the world started seeking lower levels and suddenly everyone lost interest in them. Many institutions and hedge funds were reported to have dumped stocks in big volumes. As a result of sudden dislike developed by big investors, prices crashed between January 1 and July 31. The table here shows the movement of prices of 15 stocks included in CNX Metal index in two time periods. One was between July 31 and Oct 25 while the other was for the period between Jan 1 and July 31.

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