This is dam good news, unless of course the Chinese are planning to use Lego blocks
I look forward to the finer details of the plan soon, thanks for posting...
guys who are back FMG or Miner sector, the following may be a good news from China
China's provincial governments have proposed more than 10 trillion yuan ($A2.35 trillion) in infrastructure spending, state television reported on Sunday, following Beijing's launch of a massive stimulus plan to revive slowing economic growth.
China is trying to boost domestic consumer spending by injecting money into the economy in hopes of insulating it from a sharp drop in global demand for its exports.
The biggest proposal came from Yunnan province in the south-west, which plans to invest 3 trillion yuan ($A721.03 billion) over the next five years, Chinese state television said.
....
Hopefully the needs of Steel would be going up again.
This is dam good news, unless of course the Chinese are planning to use Lego blocks
I look forward to the finer details of the plan soon, thanks for posting...
bought some more just around 2 for a short-term trade
hehe
looks like someone big is accumulating!!
Emotion changes a lot of things in this business.Agro I dont understand.
Agro I dont understand. You sold off FMG at $2 calling it a dog, now you say its a good opportunity. Its still the same company.
i am getting sick of FMG... and am considering selling at 2.50 and getting out all together
this is being a dog of a stock and is just heading in one direction - south
so much for an up day
also with the volume 9m i am starting to beleive a substantial holder is trickling the stocks for sales
look at course of sales for an indication!
seems like there is an unlimited amount of selling!! dog
well i was forced to sell my beloved FMG today due to margin call..
just to recap, i was in at $2.95,
sold at 5.03
looking to re-enter though
yeah... it's a dog with earnings of $600 million to date
i wont continue to provide my feedback - people know where i stand
enough said
Agro is clearly a gambler; nothing more, nothing less.
High as a euphoric kite when the stock rises, bitter and angry as a shirtless punter when it goes south.
If you continue to allow yourself to be so influenced here agro; I promise that you will eventually lose the lot. I would note that the level of emotional influence FMG seems to have over you suggests that your position is far too large, especially in this market. In short - you have too much capital in FMG, this one's a near-spec, not a bluechip.
I dont think it will hit $1.00 this week.
Infact if you missed the low today - there may never be a chance. If we get +ve lead from the dow tonite i think FMG will actually recoupe some of its losses this week.
have a look at that link
http://business.smh.com.au/business/fortescue-secures-more-sales-to-china-20081120-6cm3.html
Like i said in the post above you might have missed your chance to but it at the low $....but this stock is always a target of short sellers so maybe Agro there is still some hope.
I'm holding...but no more buys at the moment on FMG
I can see this going considerably lower once the market realises exactly how much they will be earning.
Unless Twiggy sells out to the Chinese...
Prawn, he is actually on record as saying he ramps stocks he owns, on this site.And you accuse people that dont hold of downramping. Does that mean you are just blatantly ramping?
Fascinating isn't it, lol - in the last 12 months, not one of these analysts has recommended "Sell"Analysts views on Fortescue Metals from ft: http://markets.ft.com/tearsheets/analysis.asp?s=AU:FMG
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