FMG 1.47% $17.26 fortescue ltd

Iron Ore Price, page-1629

  1. 1,456 Posts.
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    The price action at this stock was very unusual today. After the strong close yesterday, you would've expected it to open higher due to margin calls and short covering and it did exactly the opposite causing my position to get stopped at 1.82. I was kicking myself for setting up a so tight stop (purchase @1.80) after seeing the price coming back up but seeing the futures now I am kind of relieved. If it breaks out the 1.80 down tomorrow, wow the wave of stop might be huge....
 
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