FMG 0.45% $22.10 fortescue ltd

hope it rally today, page-8

  1. 797 Posts.
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    hi kray,

    at what price will you cover (if needed?).

    I am long in FMG and RIO but expect a wild ride in FMG with shorters, shorters covering etc etc. Currently testing recent trading range so it will be an interesting few days.

    Todays report that RIO CEO bullish at Davos, more than a couple of weeks ago. I agree lots of global clouds but on this one I am longer term and expect China to provide some stimulus domestically.

    PS
    Beware China inventory numbers until Chinese new year well and truly over.
 
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