downramper, page-11

Would you ask who bought FMG(not FMS) at about $0.08 at moment? Is it critical to FMS's IO? Do you why FMS price could be $0.01? It had not shown IO probability at all at that time. The IO has changed the fate of FMG and logically FMS too.

You seems don't understand Pilbara, IO, FMS concept IO, and the significance of FMS's drilling for IO. It is understandable since most of people in the market simply have not any desire to know all of these but hurry to get their statement out. It is very dangerous in the market. Do you know there are three types of significant mistakes in the market?
1. the risk buying high and selling low constantly or regularly
2. the risk predicting the end of trend too soon
3. the risk selling after the market crash in the bloods of sellers

Do you know market is very powerful to predict some thing with the basic logic? The underlying logic FMS has shot up is if the IO is confirmed, the shareholders would get huge profit. You are not sure, don't you? You worry about the sky would fall down, don't you? Do you see in the panic, FMS still hold up very well even though the news-dependent sellers are burning their hard-earned money?

It is understandable you want to buy cheap but it is irrational to get your cheap by predicting FMS has not IO. You simply could not predict what will happen in FMS tenements. FMS's believers could not predict the future too but they know the probablities of FMS IO. Do you know a very useful logic:

If you bet on something with the odds more than 65% with affordable risks, you are not a gambler.

Yes, it is possible FMG could not repeat its huge up again but FMS has not finished its drilling. Could you image how much FMS could be if it has more than 350mt IO at current IO price.

It is certain that the sector shifting would happen but when? Will the shifting or IO make FMS?

FMS shareholders are already in a very promising boat, FMS. The most conservative views is that IO demand will much higher than its supply until 2011. Do you think it is big up from $0.06 to $0.60 for FMG price? Do you think it is another big up from $0.60 to $6.00...?

Your reaction is understandable. You don't know the IO, the IO demand, the trend, and how to deal with the trend logically and irrationally.

I am scared by the storm too? But you could not let the fear occupy all of your soul. You have to deal with the risk, you have to get the chance at its opportunity window, and you have to ride your boat to get your destination you believe.

It is sad when you see other boats sink, you jump into the water without knowing how to swim. I don't want to change my boat just based on the guess and assumption.