RobbyP

Kumba for the bounce- We're long!

Long
JSE:KIO   KUMBA IRON ORE LTD
Kumba has fallen significantly more than the dividend today and the divi drop today has coincided with a significant support level. I don't mind having missed out on the dividend as I believe at current levels, KIO presents some nice upside potential. IF we get some surprise stimulus from the ECB tomorrow and Christine shows us the size of her bazooka, we could see a bounce across the commodities complex. Whether it happens or not. SMART has bought KIO at 258.50 for a target of around 335.00. My stop is placed just below that long support at 238.00
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