FMG is one of the most highly shorted stocks on the ASX.
If the block trades were per hour then that means INSTOS using software! And the smash downs intraday are a worry.
The volume was way lower than the run on wed-friday leading into EOFY, buyers as there were no sellers as they are all sitting on large losses from 7.50-4.70 as the capital losses in WA are massive right now, there isnt anyone with many capital gains not even the WA state that gets -$10B deficits annually and gets -70% of GST revenue collected by the Commonwealth and cant fund the new rail projects etc.
WA is in a parlous state of affairs bordering on depression. Rents, commercial property values & even residential rents are down 30-50%, dont believe the fudged official figures, i know from personal experience. Its devastating with many struggling to survive. Its worse than the GFC here.
Only a resurgent IO price and mining sector will change this however rebound predictions have proven false since 2015. So I dont believe the hype,
When I walk past countless of homeless people on Perth streets right now then I will continue not to believe the hype on here.
FMG Technical Analysis, page-19
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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 |