Possibly, but doesn't explain the negative correlation between FMG and BHP/RIO.
Normal morning start with around 300k of shares sold in first 10 mins. A busy day might get you 600k. We started with 2.5M shares sold, so that is screaming "price control" to me, because a normal sell-off is normally far more controlled and orderly.
Anyway a drop today is like a flash sale on Catch of the Day from my perspective
Iron ore price, page-30321
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Last
$19.10 |
Change
0.220(1.17%) |
Mkt cap ! $58.93B | |||
| Open | High | Low | Value | Volume |
| $19.03 | $19.19 | $18.97 | $25.08M | 1.309M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 4282 | $19.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.10 | 457 | 3 |
View Market Depth
| Last trade - 11.58am 07/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |