FMG 1.90% $22.00 fortescue ltd

My best guess is continued speculation on reduction of steel...

  1. 677 Posts.
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    My best guess is continued speculation on reduction of steel output in China. High coal costs for energy is hurting alot of industry over there, not to mention the speculation that the housing bubble could come to an end. I bought into FMG today for the first time but im preparing myself for the potential for this to fall alot lower
 
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