FMG 2.99% $20.35 fortescue ltd

Hmmm do you guys smell that?? I do and it smells of desperation...

  1. 6,361 Posts.
    Hmmm do you guys smell that?? I do and it smells of desperation from the holders who bought way above current prices. Loobs and I and I am sure many of his friends do not worry if it does bounce because we started short selling at $5.17. So if goes to $4.50 we dont worry. But we are very convinced world equity markets are just starting to crumble. Small pieces first but then a massive smash. If this does come true then FMG is not going to be in the $3 range maybe $2.50 if it is lucky. DYOR but the trend is your friend and the trend is down. Please do not argue that it is up lol. p.s. Loobs you heading over to Rotto on the yacht on the weekend? I have a few ladies who want to join us? phone me please..
 
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