FMG 4.01% $19.73 fortescue ltd

Chalea,Totally agree with you for the same reasons as your 2...

  1. 315 Posts.
    Chalea,

    Totally agree with you for the same reasons as your 2 posts. No doubt at all its heading back to 90c-$1 range where it will find very good support. Has no chance of 40c-50c - at this time.

    I'd guess it will hit 90c-$1 when the general market hits its bottom around 27 Nov. From then there should be a very nice multi-month rally.
 
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