I don't think it's shorters pushing us down, I think it's just the big institutional investors pushing down us BHP, and RIO. Since the 10th of May the SP for all three has dropped while IO prices are going up. I like many others on this forum have used this opportunity to accumulate more FMG at a lower price because we all know that there is going to be a great big fat pay check announcement on 30 August. I also suspect that just prior to that the big institutions will be accumulating while keeping downward pressure on the SP. Enjoy your pay check holders. I like AF am not selling, just accumulating when I can.
Iron ore price, page-31773
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Last
$19.42 |
Change
0.540(2.86%) |
Mkt cap ! $59.36B | |||
| Open | High | Low | Value | Volume |
| $19.03 | $19.47 | $18.97 | $89.31M | 4.631M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 8292 | $19.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.42 | 11541 | 14 |
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| Last trade - 15.50pm 07/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |