I shorted FMG at 41.10 this morning. Still holding a small short from a couple of days ago though.
I just think as a NON producer, FMG will get reweighted the hardest until production - if iron ore demand slips due to global inflation. The risk alone should cause a re-valuation on the SP. (this is not saying I don't like the company and what Forrest is doing for the community) just saying a reweighting in iron ore demand is a possibility and risk will be priced.
Quite happy to hold this pos for a few weeks though.
But please DYOR.
I'm not long in this market and still have a bearish sentiment on it.
credit probs now old news inflation is the new, page-3
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$63.53 |
Change
-0.970(1.50%) |
Mkt cap ! $12.31B | |||
| Open | High | Low | Value | Volume |
| $64.71 | $64.80 | $63.32 | $24.41M | 383.4K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1431 | $63.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $63.54 | 890 | 1 |
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