looking pretty strong.i remember FMG being in a very predictable...

looking pretty strong.

i remember FMG being in a very predictable trading patter between the low and mid 6's mid last year. i traded it successfully, buying aroun 6.10-6.20, selling aroun 6.40-6.50. then it breached this range to the downside but i stuck to the same strategy only to see it continue down to the low 4's

again there has been a predictabel trading range between low-mid 4's and high 4's early 5's.

we haven't quite broken out of the top fo taht range yet but that strength at which it has been rising, and now the consolidation in teh 5's the last couple of days is very positive.

might be wary of sticking to trading this range as i think we finally on our way up again

sentiment has definitely changed, confidence in them achieving their production targets is increasing. a week or two of ntohing horrible out of europe and we shodl see this closer to 6 than 5