FMG 0.07% $21.25 fortescue ltd

TeTeTe Mr Market doesn't see it as bad news, just you! lol I...

  1. 1,362 Posts.

    TeTeTe
    Mr Market doesn't see it as bad news, just you! lol

    I stand by what I wrote before the report came out and that is
    I think Iron Ore is in for rough ride after the Chinese New Year and
    the mines which are closed over winter come back on line.

    However that is a month away!
    I suspect with all the stimulus going on and mines closing we will be in for a big rebound in September.

    But a lot can happen even in a few weeks, so I wouldn't bet in any
    direction long term.
    Short term, the next few days, we are probably in for another bounce.
 
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