I have real concerns about the FGR sp with the total absence of news over the past few months. Surprisingly, the sp has maintained some upward momentum in recent times without news, but for how much longer. The daily trading pattern recently has been strange, with an early sell down, only for some mystery buyer to come in and for the sp to find its way back to where it started the day at the end of trade. I am not sure what this pattern is signalling, but I figure it can’t be good. Without some positive news very soon, I fear our sp might be in for a bit of a downward move. Surely, after such a long dry spell on news, we must be due for some news - good I hope. Every day, I think today is the day we hear something on the bucket liners, for which we are very overdue on receiving an update.
FGR Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
