FMG 1.20% $21.41 fortescue ltd

AJ-i actually want to buy in to bhp and rio,but not at today"s...

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    AJ-i actually want to buy in to bhp and rio,but not at today"s sp.all i am trying to convey is that if you wait on the sidelines,you can get in at a most probable must reduced sp down the track.that said,i was totally intrigued as to why rio dropped 3.5% on friday,but the IO sp was up slightly to $71.50 and bhp reacted the same,but not quite as much.i just have a gut feeling that the sp of both have a long way to go before we get some stability.just remember this-only a few months back when bhp was around $37,if you even suggested at the time it would get to $30 ,most people would think you were CRAZY.
    that"s a 20% loss and most of us didn"t see it coming-so why is there so much upbeat enthusiasm at the moment about buying in at current sp.
    cheers crazypunter
 
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