I didn‘t say I can "forecast" Macro, I said you can look at current Macro condition. Only policy makers can forecast Macro. I called for this current IO buliish trend 2 days before it started, I know because SP were falling and I just keep buying and I posted it here in HC. One of my best four trades this year because I took a holiday straight after. At the time, IO port inventory have fell 5 weeks in a row, physical IO price at the ports were increasing, IO future had turned around with strong support, I then posted "IO ST is now bullish".
At current IO price US$80, FMG is US$500M+ cash positive a month. Shorting against a company actually making this kind of money is insane.
DYOR
Frank.
$7 by Christmas is a doddle!, page-63
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 (20min delay)
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Last
$19.55 |
Change
0.050(0.26%) |
Mkt cap ! $60.19B | |||
| Open | High | Low | Value | Volume |
| $19.98 | $20.30 | $19.51 | $184.3M | 9.305M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2568 | $19.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.56 | 44282 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |