FMG 2.00% $18.33 fortescue ltd

Breaking: CHINA CUTTING OUTPUT, page-17

  1. 4,080 Posts.
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    Single digit value almost a certainty. It's obvious even Twiggy himself foresaw the IO dance had stopped when he started spruiking green energy. It will bring new money in but it isn't enough to stem the onslaught of profit takers/shorters in the face of Chinese disruption imho.

    A quick study of history will show you the impact China slowdowns have on IO exporters. It isn't pretty and not even Twiggy's comradeship with CCP will soften the blow.

    Still a long way to go until the bottom.

    Dyor not financial advice

    Edit: sentiment should say "NONE" not sold.
    Last edited by FreedomInvestor: 14/10/21
 
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