fmg today, page-34

just looked back over past a bit and looked at the trading as apposed to fundamentals status of things.

when we hit our lows. the situation regarding the speculation re ore going further down. We had a ore price south of today by more than 10.00. taking into account the status of aud rate then and now. ore rate then and now. general mixed reports of the future which i do not really consider but know it has a bearing on traders. Now i look at the actual profit margins of fmg then and now. with further reductions as stated and again i will not consider those as they are not a fact yet. I look at Fmg debt , and its time line for meeting its debt. i would consider the price then at around 1.80 as a low

we had a spike of 80 cents. with most action on two or three high volume days, was over done. then a retrace of 57 cents to today's low also over done.
based on the the fundamentals of the numbers then and now. and the trading action of late the share price should be ranging at this time 2.20ish. not 2.00.
2.03 today is just as silly as 2.60 a few days ago.
2.60 will be there again but for the right reasons not from a trading frenzy.
I like steady rises and falls with a trend. That can shine alight on the true dynamics of things.