What some of you on here don't understand is that the market over the last 8 years since 2008 has lent itself to different types of trading built around fear and rampant misinformation from the media and investment knobs.
Its made the whole concept of shorting part of the trading cycle but as things improve with commodities these scare tactics become less and less effective and the smart money moved away from shorting FMG a long while ago. All that's left now is the not so smart money which is about 6-8 months behind the trend curves.
Personally I love reading the banter between the 2 groups but its a bit like when I was on the football field and the opposition started sledging when they kicked a goal but all you would do is point at the score board and show them you were 10 goals up.
Iron Ore Price, page-10937
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Last
$16.12 |
Change
-0.010(0.06%) |
Mkt cap ! $49.63B | |||
| Open | High | Low | Value | Volume |
| $16.30 | $16.35 | $16.00 | $142.8M | 8.831M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 18592 | $16.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.14 | 3138 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |