FMG 1.11% $19.08 fortescue ltd

Hi Ahpigsy,With FMG this is what I have noticed...If she opens...

  1. 8,028 Posts.
    Hi Ahpigsy,

    With FMG this is what I have noticed...If she opens strong 4~5%, she would finish strong up 7~8%, if she opens weak, say if she opens green but only opens 1~2%, then within the first 60 minutes, she would drift back down, and float lower for the rest of the morning and maybe a surge back to the morning's high. Even today, she didn't climb until after 12.00


    So, if I was going to buy back in, I wouldn't buy at the open, I would wait after 11am. From the past, the weakest price of the day would happen between 11am ~1pm.


    Then of course, if you want to book profit, the perfect time would be before 10:20am :p
 
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