FMG 0.78% $21.99 fortescue ltd

better some of these fortune tellers get their buts to where the...

  1. 7,247 Posts.
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    better some of these fortune tellers get their buts to where the action is and stop sprouting numbers.

    Ha! Love it! You do a get a better feel when you are at the coal face. I gave up fortune telling years ago, the price action tells me most of what I need to know.

    This is the fourth time since mid December that FMG has pulled back. AT sub-$5 I might start to look for a reason, but not before.

    Most of what drives it and all the other miners, is sentiment. Today is a bad-mood day. That may last a day, a week, or more, but trying to second guess the price on an hourly basis is too hard for me. I know some can do it, and good luck to them, but not me.

    Its coining cash at any price we are likely to see any time soon. And nobody knows the Fe market and how to play it better than the FMG team.
 
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