FMG 1.86% $19.54 fortescue ltd

todays heavy fall, page-4

  1. 709 Posts.
    seems strange that with all these heavy buys as I call them, in blocks of 10 and 20k all the way up to 12 yesterday, there should be profit taking that would affect the SP so much today.

    IMO will finish near 11.30 but still can't fathom what has happened today as opposed to yesterday to instigate any need for profit taking. NO news, no discussion conclusions just yet, 65% plus increase in IO price will materialise yet SP gives back 50% of its growth for the week iin little over 3hrs??
 
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