It's the Behind the scenes Mr Market way to bleed out a lot of weak hands until they get what they want. Because many of FMG shareholders are very stubborn, like me not selling out to them.. they will continue to bleed and hit the stop loss and margin calls for many. Until then they will pump it up to lure people in again so they can sell you @ high price for a profit.
It's a cruel world of capitalism.
Exactly like STO last year. We just have to go along with the ride if you truly believe in the company.
NTA is $4.22
It makes no sense to sell below NTA
Iron ore price, page-7248
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |