iron ore price , page-17

hey chooky.

well i am not up to speed on casino's here or in general. But as far as i am aware, is that gaming is not legal in Vietnam unless you are a tourist. so hence only a few casino's around.

But Vietnam is based on corruption so if the government can get a sniff of some coin that will change.

With fmg I admire AF for his work TO GET FMG to where it is.
i am not in any Fan club if he has one.

I agree the 6.00 is not so easy to hold. as fmg are subject to changes in sentiment very fast. if ore gos down they get sold fast if up the opposite. this will change when their debt is lower. the good thing is production ramp up will of set that some. at 155 t/a

but soon 6.00 will be an old story. remember it was less than 3 a short time ago. u have to expect it to be shorted after a run up. even fmg followers short it. as said long term holders get to a point to become spec traders my be with part of their holdings.

I see fmg to be a blue chip in the future i just get as many shares as i can when i have cash.

fmg in the past has been a shorters dream. but that will die away as now the shorts can make money also so they do it. they jump on when their is talk of doom and gloom, to make the share price over re act to gloom.

debt reduction each quarter will thin out the shorting in time. then that 6.00 is done and the climb will be faster than in the past. reduced the debt by another 4 billion and ore prices stable then u think fmg will be 6.00. remember as debt reduces falling ore prices become less a problem.

nothing to see here as this share will be back to 6.00 may be Friday or Friday after, who cares unless your a day trader.

still consider this a 7.00 share rather soon. they will be shorting till they them self become long.:)