I agree to an extent and do similar,but this stock went way way too high I thought. i brought in at about $2.50 watched it dive and then rebuild and start to pay off the debt and reduce costs etc. It climbed to mid$5 mark and I sold thinking that was well and truly overvalued at that time. It kept going peaking over the $7.00 mark so i could have picked a much better time to exit ( just explaining my thoughts are not always the best ones).
When I sold I put in a conditional buy as I expected to drop and it went to the $7 so maybe near time for me to re look. I had rebuy set at $4.50 and as Iron Ore is the only horse in the stable that makes it more volatile.
Iron ore price, page-816
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Last
$21.87 |
Change
-0.545(2.43%) |
Mkt cap ! $67.62B | |||
| Open | High | Low | Value | Volume |
| $22.18 | $22.19 | $21.82 | $42.83M | 1.945M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 2830 | $21.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.87 | 2344 | 18 |
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| Last trade - 12.14pm 08/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |