FMG 1.09% $18.60 fortescue ltd

shorters be warned, page-65

  1. 797 Posts.
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    Interesting time for FMG. The shorters won't be able to sustain more than a couple of days of this. A few more good profit numbers, confirm China soft landing, Euro solution, all looking likely. Interesting too instos are reducing some hedge fund exposures, ie redemptions. Ouch to shorters! May bounce beyond fair value, a long way before that happens though. Glad I listened to Charlie.
 
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