Hi Greedy,
William has a good point. Contrary to your idea I think FMS is the perfect stock to buy and hold and not just to simply day trade.
No one can predict the day to day and intraday movements of any stock with absolute confidence. Even more so when share prices are trading at a discount (greater volatility).
I believe I have a better chance of successfully predicting a longer term trend in a share price or an asset class.
Take these three leading indicators, two of which are directly linked to iron ore. They are all now just starting to move to the positive.
1. Two-year swap spread. http://www.reuters.com/article/marketsNews/idUSN0852755620090108
2. The Baltic Dry index.
http://uk.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUKN0929796620090109
3. The Bloomberg UBS Constant Maturity Commodity Index.
http://www.bloomberg.com/apps/news?pid=20601081&sid=a72cNsHNeVNI&refer=australia
Bear markets do provide opportunities.
- Forums
- ASX - By Stock
- RHK
- fms yes we can
fms yes we can, page-42
Featured News
Add RHK (ASX) to my watchlist
(20min delay)
|
|||||
Last
87.0¢ |
Change
0.020(2.35%) |
Mkt cap ! $173.8M |
Open | High | Low | Value | Volume |
86.5¢ | 87.0¢ | 86.5¢ | $1.924K | 2.224K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1316 | 76.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
87.0¢ | 6412 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1316 | 0.760 |
1 | 25 | 0.740 |
1 | 20000 | 0.660 |
1 | 10000 | 0.650 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.870 | 6412 | 1 |
0.885 | 3999 | 1 |
0.890 | 9868 | 2 |
0.910 | 20000 | 1 |
0.950 | 915 | 1 |
Last trade - 12.52pm 12/09/2024 (20 minute delay) ? |
Featured News
NEWS
Exceptional lithium assays uncovered at Falcon Lake – expanding mineralisation, big potential ahead
NEWS
Biotech innovator secures $5.5M R&D tax incentive refund – major boost for cutting-edge programs
RHK (ASX) Chart |