I didn‘t say I can "forecast" Macro, I said you can look at current Macro condition. Only policy makers can forecast Macro. I called for this current IO buliish trend 2 days before it started, I know because SP were falling and I just keep buying and I posted it here in HC. One of my best four trades this year because I took a holiday straight after. At the time, IO port inventory have fell 5 weeks in a row, physical IO price at the ports were increasing, IO future had turned around with strong support, I then posted "IO ST is now bullish".
At current IO price US$80, FMG is US$500M+ cash positive a month. Shorting against a company actually making this kind of money is insane.
DYOR
Frank.
$7 by Christmas is a doddle!, page-63
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Last
$19.76 |
Change
0.000(0.00%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12782 | $21.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.70 | 1 | 1 |
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| Last trade - 09.51am 07/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |
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