FMG Technical Analysis, page-89

wish you the best with that view, that view directly helps me out especially haven written substantial puts the other day, despite my position disclosure I just cant see it at all within like 10 days, why ,well in my view like I mentioned about a week or so ago, all the news is out, unless there is something unforseen.

we know the company is printing sheet loads of money, yet we see weakness in the sp,

we know the div was outstanding and the next one will probably not disappoint

we know their costs are ridiculously low, yet we still see weakness in the sp

we know the balance sheet is rock solid with minimal debt, yet we see weakness in the sp

apparently we know that fmg sp is undervalued according to all the experts on these forums having run their own detailed valuations off balance sheet and saying it should be an 8 buck stock right now, yet we drop to 5.81 today

with all thiese fantastic known quantities why is sp not back to the 7.30 highs or above?????

on the other side of the coin we also know that iron ore is at high levels and more likely due a pull back, which it seems to have done in the last few days, spot and futures

we know that the shorters absolutey love this stock and its inherent volatility, which they thrive on every other day

we know that the sp is worth what the market is prepared to pay for it, and in the next 10 days I doubt they are going to think its worth 6.50, that would be like me calling it to like 5 bucks from here if I took 70 cents off it. Im all for price forecasts and people having a go and sharing that view, but cmon 6.50 in 10 days

if someone came out right now at 5.81 with say a 6.10-6.20 in 10 days it may be somewhat feasible or slightly believable, but 6.50, sorry cant see it but happy to be proved wrong

please let me know the exact catalysts to back up this sp forecast of an extra 70 cents or some 12% increase in 10 days