Good luck to you! Each to their own, the most important thing with share investing is being able to sleep at night. FMG may becoming over valued but it all depends on the iron ore price. It’s my believe it’s going to be moving higher as the Chinese government tries to get their economy out of the hole it itself created, interesting times indeed. The CCP will do what ever it takes to keep it’s people feed and employed, just look what they did to the coal price. Iron ore price still rising.
Good Luck
Iron ore price, page-43199
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Last
$20.68 |
Change
0.580(2.89%) |
Mkt cap ! $63.67B | |||
| Open | High | Low | Value | Volume |
| $21.26 | $21.59 | $20.48 | $371.6M | 17.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17519 | $20.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.69 | 1250 | 2 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |