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Come on VC, it's a pretty long stretch to make this claim, essentially you're saying it's a big coincidence that pure play iron ore miner FMG rose 25% on the day IO futs rose 20%.I mean, we get it, you're a fan, but blind Freddy can see the technical beta is to the iron price. As notting pointed out, and regardless of whether you'd touch them, if this move was related to FMG specific fundamentals then other iron miners would not have made significant moves.Shorts are looking at the iron price and borrow availability, not FMG fundamentals. I'm not short, was merely discussing the idea that Wys proposed of shorts getting wiped out into an NPC weekend.
Come on VC, it's a pretty long stretch to make this claim, essentially you're saying it's a big coincidence that pure play iron ore miner FMG rose 25% on the day IO futs rose 20%.
I mean, we get it, you're a fan, but blind Freddy can see the technical beta is to the iron price. As notting pointed out, and regardless of whether you'd touch them, if this move was related to FMG specific fundamentals then other iron miners would not have made significant moves.
Shorts are looking at the iron price and borrow availability, not FMG fundamentals. I'm not short, was merely discussing the idea that Wys proposed of shorts getting wiped out into an NPC weekend.
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