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1.56% $18.97 fortescue ltd

firmer iron ore price helping, page-11

  1. Madrum
    1,944 Posts.
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    03/07/14
    09:01
    Post #: 13604122
    I agree Champ. Longer term as FMG's debt is reduced the base rate of it's value and subsequent SP should rise accordingly. IO pricing will do whatever the market pressures/manipulations etc do. One thing is sure is that it will continue to rise and fall with the consistency of a yoyo. For day traders or short term punters at this SP may be very risky, one would want to be a highly informed punter to do so, certainly not a ill-informed crazy punter.
    FMG Price at posting: $4.40 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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