FMG 1.10% $19.76 fortescue ltd

insto's may be buyers

  1. 960 Posts.
    i note that none of the big insto's sold on thursday,it was only retail brokers selling for paniced small investors who sold,the big s/holders such as MLC,JFcapital partners,JP morgan ,goldman sachs, putnam,fidelity and the various hedge funds who hold this stock i believe,would agree that fmg should NOT sell their assets cheaply to the chinese, these guys will see this as a buying opportunity as they invested in the first place based on fundamentals .my personal view is that i will be looking also to buy on any dips.
 
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