FMG 1.10% $19.76 fortescue ltd

this thing is gone, page-28

  1. 797 Posts.
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    Doubt if we can put this day down to shorters, it's a pretty ugly day all round the ASX, we are facing 2 US trading days without the ability to trade here.

    Iron ore price looks OK if it stays around where it is but I am concerned about continuing fall in rebar price.

    Nervous day, even for BHP and RIO and of course FMG overshoots those two. Doubt if there will be much upward momentum until the rail line issue is put to bed, any delay would be ugly. Reduced my sentiment a notch to hold.
 
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