FMG 0.45% $22.10 fortescue ltd

we'll hes right about one thing...It will go down to $5-$7...

  1. 749 Posts.
    we'll hes right about one thing...

    It will go down to $5-$7 again....

    and soon. :) cant wait for that share split.

    Best thing about share splits is that people seem happy for a share to go from $5 to $12 or $15, but not for it to go from $50 to $120/$150.

    Market psychology really is fascinating. I have spoken with numerous people (TOO MANY) who tell me "no way, its too dear at $60 per share" without any regard at all for market cap or EPS. they all seem more happy to buy $5 and $10 shares.
 
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