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I have listened and read a great deal about fmg......just to labour the point.....and I have heard many commentators say its value is between market and zero.
Now I know some may say....well isn't it like that with all stocks? But no..not really.
FMG is such a "may be" stock.
I posted something about this on the fmg threads yesterday or the day before which sums up my thoughts.
In regard to the US dollar, mate anything could of course happen but much will depend next week on the reaction to this summit in Washington on the weekend.
If the markets like all the clap trap, wishful thinking, promises and retoric, then up she will go.....no doubt - along with the Dow, followed by the All Ords, the Cac, the Dax and just about every other market around the world.......except for Russia...it's a basket case!
Anyway, as I stated before. Any upside swing will, imo be only short lived as the retrace will continue for a very long time.
The only way I am going to enter the stock market again is to short - and short I will....big time.
I have been sitting here waiting with one arm tired behind my back for a few weeks now watching various stocks s/p go south and I am not on em.....DAM!
I am going after my target and I intend to give it a good push.
I am still bearish on the aussie dollar but I think caution is required at the begining of the week and lets see how the rest of the world re-acts to the summit.
Then go from there.
Hang with me mate and we'll make you some real money.
If you had hung with me on Friday, you would have made a killing.......as I did!
THE ABOVE IS NOT FINANCIAL ADVICE AND IS MEANT ONLY AS A PERSONAL OPINION
