FMG 1.10% $19.76 fortescue ltd

short postions, page-26

  1. 43,427 Posts.
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    I would probably be closing out any short position BUT the price is approaching 3.14 minor resistance so it can rotate from that level. I take it some of you guys have been holding for a long time so if you believe in the fundamentals then you will expect that when China runs down their stockpile in the sept quarter, this may well be a trigger for the margin analysis by the market again. It is sitting close to support so the chart doesn't look like any protracted bounce. Bull and bear continue to fight
 
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