FMG 1.20% $21.41 fortescue ltd

Iron ore price, page-35841

  1. 3,278 Posts.
    lightbulb Created with Sketch. 693
    You mis read what I posted.
    It will go up a bit when the divvy is announced next week then it drops hard.

    This is divvy cycles. We get the announcements of good profits in July then it shoot sup and then drops back
    which is what has been going on. It did this last Feb where it drops back then we get to see the divvy is going to be then it drops harder.

    Next Monday we find out the dividend and it will shoot up by about $2 a share due to greed.
    Then it drops even harder until pay out.

    I top up about two weeks before pay out. I miss the divvy but I know the share price will drop another $5.
    Come next cycle the share price will be in the $25 range or higher.

    Look at the graphs. Look at Jan the slide started well before the dividend announcement. It goes up for a few days then drops even harder.

    Been posting this for weeks now and only two weeks ago I said the stock was going to drop hard and you lot laughed and said no way. Its come to pass again.
 
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