FMG 1.54% $19.84 fortescue ltd

Welfare Check on ETFinvestor, page-11

  1. 10,089 Posts.
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    EFT made a big mistake thinking its a 1 way street but stocks never are.

    most businesses go bust in 7 years so 5-10 year time frame is too loyal too long.
    most traders play the ranges monthly or weekly some daily and have stop losses on.

    With FMG its cyclical with 2-3 lows and 2-3 highs annually so traders make a motza here up and down, you can see it on the annual charts. These top 20 INSTOs trade this up and down turning from LONG to SHORT as and when it suits them. they are NOT our friends.

    I too was an FMG LONG since my first buy around 1.81 and sold it 6.31 which it didnt see again for 10 years then that 2 year bull run 3 to 26 i called and this year the bull run to 29 when I called sell.

    now I call BUY, see where it peaks at from here, maybe 22 or if it runs to jan maybe 29 again?
    another early bull run season start just like last year from early Sept looks like.

    meanwhile the SHORTS BEDS are BURNING.
    INSTOs gone LONG looks like and the GREEN TA its logical to follow the trend which is your friend.
 
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