FMG 1.26% $18.75 fortescue ltd

Iron ore price, page-1640

  1. 795 Posts.
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    True, though I think that there was a perception that it was over bought and the shorters have capitalised on that sentiment and taken a deliberate slow eroding of confidence today after the kick start yesterday, and is now today coming for the second time into capitulation.

    There has been from what I could tell 2 huge buys, one at 5.26 and the other waiting at the top of 5.24...............so I feel we are near the bottom of today hopefully........!

    Cheers,

    GLTA
 
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