The FMG team probably understands what is going on in China better than anyone else. And they certainly have some pretty good contacts there. But as we keep seeing over and over, the FMG market is driven more by those who seek quick trading gains, than by long term investors.
The true picture is seen by comparing FMG with other companies on a common base. RIO and BHP are very close all the time, but FMG is far more volatile, - which equals opportunity for shorters.
But I do wonder why sometimes, because over the last year on a long basis, FMG has been ahead of both BHP and RIO by a big margin, for the whole year. From the comparative charts it is clear that shorting FMG has been a very high risk with modest return game. If an individual claims big profits from shorting FMG, he is very gifted indeed.
The comparative figures for $1000 invested a year ago in all three, as at 10:58am today, is;
FMG $1210
BHP $1060
RIO $1090
The FMG team probably understands what is going on in China...
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |