FMG 0.45% $22.10 fortescue ltd

Chart just peachy, page-20

  1. 3,925 Posts.
    lightbulb Created with Sketch. 79
    spuz

    i look at your previous posts and your comments re "price talks"

    well its talking and saying something dont you think?

    but dont worry...there was plenty of backslapping as the price rallied over last 3 months...it was fun...

    Maybe it is to do with fundamentals...because the fundamentals are saying that spot prices are due for a soft landing...and the most leveraged play to that is FMG... its a high delta play to spot..

    Hedge funds will hit the stock hard...then hit the spot post...seen it before...it could be happening again

    either way...its was due for what is a healthy pullback from a very solid run... so theres no big deal

    glad you didn't bet your bottom dollar re gen y know alls...woulda been handing that over too

    get down to $4.60 first stop
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.