FMG 5.04% $17.50 fortescue ltd

my call for 2008, page-4

  1. 9,241 Posts.
    One thing that people must remember is that I'll be very suprised if we do NOT see a large wave of selling once this moves out of FMGDA back to FMG.

    People are holding this into settlement period but will forced to sell once this quotation ends & settlement is required(I think 3rd Jan'08)?

    I'd be looking to take profit in the lead up to this.

    I mean a 50% gain in 6-days is great but IMO, is not sustainable in the short-term.

    regards,
 
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