This is my first post but I've been following the various FMG threads and have invested a significant amount of my portfolio into this stock.
Whilst there are risks, fundamentally this stock may double (or more) over the next couple of years if the iron ore prices find stability and demand continues.
Kray, you suggest you wont comment on SP but then within the next sentence do. Look, we all miss sometimes but i think you're clutching at straws when you believe your judgement is slowly being justified. Up 10% since you shorted. Could you however post your sources regarding the Chinese trade data mentioned. I'm quite interested in having a squiz.
"Every last drop" was shipped last quarter, i'm not so sure there will be such a significant pull back which you anticipate.
shorting fmg, page-61
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Last
$20.32 |
Change
-0.035(0.17%) |
Mkt cap ! $62.68B | |||
| Open | High | Low | Value | Volume |
| $20.47 | $20.68 | $20.28 | $65.53M | 3.202M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 4003 | $20.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.32 | 9156 | 34 |
View Market Depth
| Last trade - 14.41pm 29/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |