"I first got in at $5.92, do you hear me crying? I hope they go much lower so I can pick up a substantial parcel."
"I am not going to sell now, don't need to sell now , will not sell now."
Where do you think you guys are on the above charts? Somewhere between anxiety and denial, I reckon. The fear and desperation will come if FMG hits $4.00 over the coming months (which I feel is a very likely outcome). If it slides down to the 3.35 mark, then I feel panic will be on the cards. Question is, do you want to capitulate then, or now? Take a look at the world markets. Take a look at China. Take a look at inflation in India. Look at world debt, look at the US. Going long on a leveraged iron ore specialist? Really?
As a big, huggable bear (short), I always track where I am on that cycle. Right now I'm on the 'optimism' stage. The moment I start feeling thrilled about a trade, that's when I close it.
Good luck all.
PS, one last thing:
"FMG imo is a very solid longterm stock with good management and a great and expanding resource and production profile."
How paradoxical. If it was so obvious FMG is the above things, WHY is the short term price action weak? If it was such an obvious long term winner, people would be buying it NOW.
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Last
$22.10 |
Change
0.100(0.45%) |
Mkt cap ! $68.04B |
Open | High | Low | Value | Volume |
$21.99 | $22.22 | $21.87 | $84.79M | 3.834M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9803 | $22.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$22.11 | 10620 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10 | 22.090 |
1 | 1400 | 22.060 |
1 | 2500 | 22.050 |
1 | 135 | 22.030 |
3 | 1485 | 22.010 |
Price($) | Vol. | No. |
---|---|---|
22.110 | 6540 | 1 |
22.130 | 107 | 1 |
22.150 | 1623 | 2 |
22.160 | 455 | 1 |
22.180 | 1850 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |