nice posts
with fmg being bought up on weekend by big player ready to deal with the chinese I think it is game set and match for the fe stocks. time to run again soon for the fe stocks.
and i might add for the commodity stocks.
http://www.tradingroom.com.au/apps/company_annoucements.ac?
Fortescue bets house on Chinese demand
Author: Rania Spooner
Date: 18/01/2012
Words: 273
fe stocks
plv suddenly rose from the ashes on monday. grr quick run in recent weeks from sub 50c
copper
tgs yesterday from 40c. sub 40c last week.
zinc play
pem today from 42c
these are big turnarounds.
everyone is taking positions
trf not quite a buy on chart yet and risky week ahead but people are making green on it already.
bumpy week ahead. will be interested to see where we are in a few months time. suspect may be cheaper buying opportunities over coming days? question is whether people will take advantage of it or not.
good luck all.
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