I'm just saying that i dont think the cycle has bottomed yet. The iron ore price hasnt seen cyclical lows. Shorters havent turned up. I love FMG its a great company and i will be buying. But not yet. That's the time to buy and we're not there yet.
i disagree with other posters who have been saying that FMG has dropped to buy levels. For me its a "not yet".
Iron ore price, page-52601
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Last
$22.59 |
Change
0.110(0.49%) |
Mkt cap ! $69.55B | |||
| Open | High | Low | Value | Volume |
| $22.37 | $22.60 | $22.21 | $90.44M | 4.024M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2064 | $22.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.59 | 197 | 1 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |