FMG 1.20% $21.41 fortescue ltd

Evergrande to pay Coupons and avoid default for now, hence the...

  1. 2,523 Posts.
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    Evergrande to pay Coupons and avoid default for now, hence the positive market reaction.

    Oh those poor shorters learning a very harsh lesson at the moment. They are getting burnt to a crisp, the greed of trying to push FMG further down as it's already sitting on a PE of around 4 - the result is a scorching.

    And it makes me smile.
 
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