FMG 1.32% $19.47 fortescue ltd

twiggy is a genius...., page-7

  1. 7,247 Posts.
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    Now you are focussing on BHP..what's the FMG nexus???"

    An interesting question, because BHP and FMG have been diverging dramatically over the last few months. It has got to the point where either BHP had to rise or FMG fall, or a bit of both. Voila! the reunion started today.

    BHP is a market leader, and today it was the biggest positive contributor to index points by far. What's good for BHP is good for FMG, I'm pleased to see BHP returning to the front line.

    Having said all that, the market is due for a bit of a pause, and with the US making about 7 or 8 positive days in a row, to new highs, a pullback seems inevitable.

    FMG's uptrend has been steep and getting steeper. It could fall back to $5 and still be in uptrend, so I'm happy....
 
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