FMG 0.79% $19.98 fortescue ltd

iron ore up again, page-36

  1. 797 Posts.
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    yeah, a nice iron ore play, with growth as well, but lots of day to day variation from trading around short positions.

    For example, the reported short trades in the last few days:

    10/12/2012 8,288,916
    11/12/2012 9,637,879
    12/12/2012 6,058,157
    13/12/2012 3,467,696

    Quite a lot of the trading in fact. Total short positions on Monday had dropped a little to 188,416,454. If iron ore sticks solid above $120 or even $130 into the new year, it will be interesting.

    The usual disclaimer on this data, good reasons to think it is on the low side, depending on definitions and reporting.
 
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