FMG 1.86% $19.54 fortescue ltd

FMG Technical Analysis, page-2155

  1. 1,150 Posts.
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    Well as I pointed out, they don`t need to inform the market, just inform not to use any more allocated money for the BB. Because there is no structure the BB. I initially thought that would be a reason for reducing the short, etc. But as we have been watching the shorter were coming very high limit at below 3.88. The initial discussions was that shortes were getting burned as in the evening they buy back the shorts

    As from the looks of things maccas are not doing the BB toay. if there was a considering that below $4.00 is under valued. Why suddenly the day before the AGM (after almost 2 weeks without any BB), when SP fell below $4.00 there was almost 2 million shares picked up by maccas.



 
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