Hi Rc, I respectively disagree. I think Capital Group has been very discreet with the selling. The first notice average selling price was mid 4's, so I think the xmas slump was profit taking, general xmas selling coupled with holiday volumes.
I really think it's just been aggressively shorted of late to protect a structural short that was accumulated in the high 6's. They hedgies hate been wrong, they work on the principal of "the clock is right twice a day". They will go hammer and tongs everyday till they get it right via sediment change or macro event. They truly thought 2017 would give up the IOP ghost. How wrong they were.
Wow on $87! Hope Monday brings severe pain to these guys. Only way to burn them is with a 40c-50c gap up.
Iron Ore Price, page-18600
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Last
$18.31 |
Change
0.340(1.89%) |
Mkt cap ! $56.37B | |||
| Open | High | Low | Value | Volume |
| $18.09 | $18.32 | $18.06 | $115.9M | 6.367M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 273 | $18.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.32 | 9260 | 4 |
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| Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |