FMG 0.45% $22.10 fortescue ltd

Patience has to be the name of the game here, and with the...

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    Patience has to be the name of the game here, and with the BB. 


    The BB isn't in place for short-term traders to benefit from the price running up quickly, it is the company believing that their sp is undervalued - so investing for the long-term by buying low. 


    The price has risen from $3.70 to $4.20 in a month, so I'm somewhat happy for it to take a breather - knowing that the BB hasn't really contributed (on market $ - sentiment is harder to measure) to the rise.

 
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