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When/or if do we get brave and buy Iron Ore stocks? The front page of the AFR is now leading with Iron Ore slump hits economy over a month after we predicted...

Nicholas Forsyth

Market Matters

When/or if do we get brave and buy Iron Ore stocks? The front page of the AFR is now leading with Iron Ore slump hits economy over a month after we predicted the inevitable fall in both the commodity and related stocks. Recently, the commodity hit a fresh 5-year low, leading prominent politicians to warn of an inevitable recession. John Paul Getty, the famous US Industrialist, has one simple quote that may apply to Iron Ore stocks in weeks to come: I buy when other people are selling. -J. Paul Getty So while I have been very negative the sector over recently weeks/months as the press finally get excited about the potential damage in the sector, I am turning my attention to buying areas. I am looking for triggers to buy Fortescue(FMG) with decent risk/reward. I am only considering this as a trade, not a long term investment. See (VIEW LINK)


Nicholas Forsyth
Nicholas Forsyth
Director
Market Matters

Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...

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