FMG 1.10% $19.76 fortescue ltd

andrew forrest buys $20m, page-25

  1. 6,296 Posts.
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    'twiggy' vs. the entire market

    i know who i am backing... LOL!

    its quite rare to look at a graph and see directors buying at the bottom... which is no surprise, they're company managers, not stock traders, who also have a large interest (love) in the company, confirmation bias etc...

    time will tell if twiggy makes a packet or not... plenty of market analysts willing to call his bluff. FMG has been labeled a massive risk, a highly debt leveraged play into a falling IO market...

    $3.50 does look cheap, but $2.50 would be even cheaper...
 
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