Few would argue with your concept, certainly not me.
It applies to jus about every company on the board.
The problem is, how to profit from it?
By the way, Pasminco had the then Chairman of the NAB on its board at the time it went bust. The NAB was a lender to Pasminco too, oh dear...
Fortescue does not lend itself to comparison with many companies, mainly because it was started from scratch.
As I said, earlier, today it is at 333 as I write, yesterday it was at 288. What has changed? Yesterday the papers were full of reasons why it was tanking, long articles. Today they are merely reporting that it is 15%. No reason. Its all so entertaining.
suitable buy price?, page-38
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Last
$22.00 |
Change
0.410(1.90%) |
Mkt cap ! $67.73B | |||
| Open | High | Low | Value | Volume |
| $21.93 | $22.09 | $21.58 | $138.1M | 6.316M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9247 | $21.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.00 | 3521 | 3 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |