FMG 3.61% $20.10 fortescue ltd

Baukaw, I thought you only short on down days, I never see you...

  1. 3,123 Posts.
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    Baukaw, I thought you only short on down days, I never see you here when SP is up around $6 and say you have shorted. So somehow magically you appear on a down day say you've shorted and covering??

    I'm a bit worry about you though, A2M average shorting at $4.69 is gonna hurt. Hope you also magically cover there as well.

    IO Future are down more than 11% from last week (1/9/2017), and at same period FMG down from $5.95 (1/9/2017) to $5.70 or 25c or 4.2%, and if you got the 25c dividend, you are actually even. So not sure where the "disaster" is for LT holders.

    I'm not going to predict how SP/IO Future will go next few day, it's anyone's guess ATM, so I'll just buy some in dips (so far 10k @ $5.69) and hope for the best, hehe.

    DYOR.

    Frank.
 
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