FMG 2.07% $21.26 fortescue ltd

"The only thing that will turn the IO price around is a major...

  1. RiF
    471 Posts.
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    "The only thing that will turn the IO price around is a major restocking of ore in China"

    Are you certain that that is the ONLY thing that will help? Are you certain that the viable future of IO totally and completely hinges on China (majorly) restocking with no other factors at all in any way relevant?

    Personally I like the idea of catching this falling knife. Anyone not familiar with the doom and gloom surounding IO is on another planet. Given this, I would assume that most of the pain is already felt in IO sp's and the SLIGHTEST hint of any good news will sent IO producers into the stratosphere,,, and fast.

    Buy to bombs and sell to trumpets as they say ;-) The bombs have fallen and the booms appear to be slowing. Time to snap a few up and get the trumpets ready IMO
 
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