FMG 1.20% $21.41 fortescue ltd

Would Love to BUY !, page-5

  1. 3,278 Posts.
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    Just let it fall. We all should have sold ages ago. To late now.
    It could keep falling as all markets are in free fall tonight and that will
    carry over this morning.

    FMG is a bargain now but when panic starts there is no stopping it.
    It could well be we enter a bear market or already in one.

    Stock markets were all to high anyway. Bubble has burst.

    China in kaos with massive debt strife and running out of money so they are selling their oil reserves.
    They over spent and debt has racked up. The big crunch has come.

    Thousands of companies around the globe that have operations in China are pulling out due
    to the Chinese government cracking down and now they are in for a mess of their own making.

    China has angered so many countries and they've all had a gutful and workers in China are losing their employment and
    have started to protest which will worry the communist party.

    So now all we can do is wait it out. It will eventually level out and when FMG starts to rise about 15%
    over say a few weeks then it maybe safe to re enter.

    Very annoyed at myself to be honest. Had a bad feeling the market was to high and did not sell when
    I was posting I fear a crash. We all got caught up in greed. Should sell in greed and buy in fear.
    Opportunity lost. If I had of sold when I feared a crash then a sit is now I'd be able to buy buy an extra 40% of stock
    just on yesterday figures but fear it has more dropping to go.

    As to when to buy is the biggest question. Wait to long and it shoots up the regret but
    I do think it has a way to go yet just due to what is happening in China.

    My thinking is China will have to have a big re think. Maybe the bail them out or do another
    stimulus package but with what money.

    Probably best not to watch the carnage this morning.
 
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Last
$21.41
Change
-0.260(1.20%)
Mkt cap ! $65.92B
Open High Low Value Volume
$21.52 $21.67 $21.30 $150.5M 7.000M

Buyers (Bids)

No. Vol. Price($)
1 93 $21.40
 

Sellers (Offers)

Price($) Vol. No.
$21.41 12657 3
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
FMG (ASX) Chart
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