how much low will it go?, page-12

afternoon all,

I agree that there are indications that fml is holding up relative to others at present - imo only, but I think it is right.

I know you can't put much on it but the chart I posted earlier today re. some of the 300 index new entrants might actually be telling us a little.

fml was what appeared to be the second best performer of all posted -------------- and when one considers that the pog both in US and aussie has been dropping - well, I suspect that fml just might be holding up better because of funnymentals finally getting out there a bit.

One has to remember that the market as a whole at present is complete crap ------ I am in Melb. at present and I have had 2 or 3 conversations in the last 2 days - started by the other persons (who don't know what I do) - about how their smsf and/or share portfolio is as crook as a doggie.

hmmmm, sounds like a bottom to me - and also for fml to be at least treading water at this stage -- well, I am pretty happy with that.

I agree with highopes in the 'sounds familiar' thread - I think fml is going to have a stirling 2012 --- and possibly a spectacular 13 imo.

The pog doesn't phase me - I said back about a year ago that if the chart kept on climbing like it had been then we would be at or around US$1600 by about late jan/feb - and if so we are well on trend -- if we are way below that I might get concerned - but if we continue on that trend then in cal 2012 we should put on about $200 to $300 US - that would make it US $1800 to $1900 by jan 2013 ------- without knowing what the aussie is doing -- that sort of price should give fml a very good 2012 and beyond.
Certainly enough to start serious consideration of the colour of the boat upholstery.

have a great night

pinto