Lets just say that I have a reasonable expectation based on the facts of the situation you will be whacked if you try and wait till $20 to close your position.
I honestly don’t think you have an understanding of what the cashflow will mean to FMGs valuation, but as I said good luck.
I honestly don’t wish you bad will, it doesn’t matter to me what the fluctuations are because I am a long term holder, but yeah you are playing with fire and you are sitting in a bath of petrol, if you are lucky you might escape harm, but it’s going to be luck not the fundamental facts that save you.
Iron ore price, page-26155
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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
| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |