I sold because there is no reason for the sudden bull run. FMG has gone crazy over the past week or so. I would understand it going up till Monday. That was due to speculation that China will put out a big stimulus plan that will support property sector and infrastructure. But we now know that is not going to happen and the home loan approval have gone down on the last report. There is no need for so much iron ore and it does not explain why the IO features and the spot price is going up.
How long will this bull run last?, page-43
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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 |