FMG 1.26% $18.75 fortescue ltd

Iron Ore Price, page-153

  1. 1,452 Posts.
    Agree. Great price under $2 but im too exposed. My buy in was 2.23. Need to lighten the load untill the dust settles. Theres quite a few stocks i been watching that have been smashed for no reason apart from tax selling and now today greece. Id rather buy up on them as they are not subject to I/O volatility. Im not out for good, just stepping back from fmg untill things look better. Chances are this will bounce with a good q2 ann, along with some good ol covering. 9 mill shorts yesterday position back over 9%. My guess would be test a new low 1.75 then a retrace to 2.50 with news etc. for now im a sideline bottom picker!!
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