shorting any company must be backed by some fundamental reason.
people who think the stock will rise are using the fundamentals of the company to make that thinking.
to short on the fact that its risen is rather a strange formula to make that call.
ill stick to the long term fundamentals. being increased out put with stable cash flow and dept reduction.
as normal there will be some up and down movement. But if the long term view is good then any price lower is a buy opportunity for long term holder to jump in or top up.
in the past Fmg have suffered shorting after reaching some target highs that was due to its fundamentals at that time.Fmg are is a different situation now. and to use the past fluctuations as a guide could be costly to shorting.
lets see what is the situation end of financial year when we see April till June quarter out put and price or ore. then lets see this how the shorters are doing.
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Last
$19.22 |
Change
-0.270(1.39%) |
Mkt cap ! $59.17B |
Open | High | Low | Value | Volume |
$19.52 | $19.55 | $19.22 | $85.01M | 4.398M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 27260 | $19.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$19.33 | 100 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 27260 | 19.220 |
3 | 15882 | 19.210 |
11 | 6971 | 19.200 |
2 | 2020 | 19.190 |
2 | 15102 | 19.180 |
Price($) | Vol. | No. |
---|---|---|
19.330 | 100 | 1 |
19.340 | 1600 | 1 |
19.350 | 14582 | 1 |
19.370 | 14582 | 1 |
19.390 | 5283 | 4 |
Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
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FMG (ASX) Chart |