Ok, so i guess the chart for every single stock on the asx has said the same thing, that is amazing!!! The fundamentals for every stock on the ASX have said down down down, wow what a coincidence.
Ok I stand corrected. But im guessing only on a small percentage of stocks.
If you look at the Dow preopen and the Euro markets you see that the Euro markets follow the preopen like lambs, its sad to watch, is it always like that or just a recent phenomenon. Dont you think also that if the Dow was still around 10 or 11 thousand Fmg would still be at 6 to 8 dollars... I do.
My point is that the only fundamental that means anything is that if the DOW is sick everything else is too, had a look at the stocks u mention and they collapsed in october like evrything else. Im just saying that in my opinion its going to be much worse than it is now simply because of the US economy and not because of the situations of individual stocks..
If u dont agree with me nun thats fine, its a forum. im just giving my two cents worth and its probably not worth that, dont you love the internet!!
how do you value a company or tell if it is is oversold?
i am sitting on the sidelines at the moment but am very tempted to buy in if it hits $1 !
mind you, with the shorting, even if it does hit $1 prob go lower
$1 that is expensive!! It may go under $1.20 today
If commodity prices keep following as predicted, this baby will hit a low low low level, very very low low one soon.
Most people are looking at the auto industry bailout in the US but China is in the same boat, their auto industry is in big big trouble and that means a huge impact for iron ore producer at the end of the food chain.
So, brace yourself as the coconut has futher to fall.
WBII
so you think 50 cents is reasonable price for FMG - considering long-term outlook, e.g. 5 years when China picks up per say?
Agro, what I am saying is that there is no reasonable price for FMG at the moment, I see $1 as a high price and I may believe that it could hit a much much lower lower price that those 50c you mentioned.
Do you really believe that China will pick up in 5 years? Do you really believe that FMG will be around that long?. Just 6 months ago I was hearing that the mining boom was just starting and was going to last for another 10 years, no the case any more, if the US falls the rest of the world falls and in particular China will be hit big time. In the meantime, mines will be closed by the dozens per month and people will lose their jobs in that industry in masses.
WBII
$1 that is expensive!! It may go under $1.20 today
If commodity prices keep following as predicted, this baby will hit a low low low level, very very low low one soon.
Most people are looking at the auto industry bailout in the US but China is in the same boat, their auto industry is in big big trouble and that means a huge impact for iron ore producer at the end of the food chain.
So, brace yourself as the coconut has futher to fall.
WBII
Did I mention $1.20 today? It started as low as $1.16, I believe it will go up intraday and at closing it will plump as the DOW did.
WBII
looks like 1.20 is the base now
here's hoping.. alot of support coming in i noticed
don't you think?
Don't bank on it
There is no reason why it wont fall further.
I do hope you're right though, but i'm not optimistic
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