FMG 1.10% $19.76 fortescue ltd

day trade 27-07-2009 , page-29

  1. 570 Posts.
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    I'm in the same position radish but bought in at 352. Have had many successful trades with FMG the last few weeks and many times it was by holding overnight. Also made 10 cents on BSL this morning holding overnight. Unfortunately down about the same on FMG. Futures just turned green after moving up slowly all day. Could we have another green night. Commonsense dictates that a retrace is in order and I as have many been waiting for it for re-entries. Yet it continues to look bullish or at least flat at the moment. I'm going to hold I think. Had my finger on the sell earlier as well but failed to execute when needed. I know its not good to hold losses so will reassess tomorrow. Should have another attempt at 455 if we have a Green night IMO. Good luck.
 
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