Iron ore below $US - FMG ?

  1. 2,076 Posts.
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    for you jongo or any one else that fancies shorting FMG

    the preamble on macro business today said iron ore was now below $US90..... checking - FMG has started to dive....... so I got sucked in shorting fairly low at 4.47 ........ but with only small money as I could never get into snych with this stock....

    I had previosly decided to leave this stock alone, but meandering through the headline of macro business and after making a few other checks it seemed to me that I might be catching this one at a good time ie the iron ore stocks had only just started to move down today ......

    gk
 
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