Frog I'm sorry I am still very much in the "sell! Sell!" camp....

Frog I'm sorry I am still very much in the "sell! Sell!"
camp.
However when it broke through 3.01 I started looking for new leads.
I think that was more of anomaly than anything else.
Somebody either knows something the rest of don't or their prepared to lose their money! lol

I still think FMG is the odd man out among the junior
Iron Ore plays.
It is similar to the other juniors except it
has is its infrastructural in place, which has been paid for
with Billions of dollars of debt!
Infrastructure which if GS, UBS and Co are even close to their forecast will be producing no money relatively soon!

The reasons I am bearish on FMG is it has not been hit nearly as hard as it deserves. Especially this week!

Why is RIO struggling in New York but advancing on the Aussie market? There has to be a correction one way or the other. I suspect the Aussie market is a little too positive.

I'm a daytrader so no matter how bearish I get on FMG I will still probably have long positions on it through out the week.

Good Luck with your long position.