FMG 1.10% $19.76 fortescue ltd

its time, page-62

  1. 6,851 Posts.
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    Thanks MB. I am just a small day trader and have found FMG everything that you could ask for. Large volume everyday, 2-3% changes in SP nearly everyday, a company that is making money and forecasting to make lots more, a SP which is pretty much bottomed out, and just a tad of uncertainty that is enough to spook the low hanging fruit of the tree, every week.
    Today low of 3.35, I got in at 3.36 but then to jump up to 3.55...well that caught me by surprise. I sold way to early today and only made half of what I could have on a day like this. But the best thing about FMG for day trading is that you are all most sure that it will always rise. So either way if you are long or day trading I think it is a sure bet if you are in around the 3.50 mark.

    Shorts however are going to get burnt and burnt big time as there are still way to many in a stock that is trending side ways and could bounce up above $4 any day now on the ann of FMG's TPI sale. Remember FMGs management have never bull dusted, so if they say a deal is to be announced mid year well that is well neigh approaching.
 
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