I shorted FMG at 41.10 this morning. Still holding a small short from a couple of days ago though.
I just think as a NON producer, FMG will get reweighted the hardest until production - if iron ore demand slips due to global inflation. The risk alone should cause a re-valuation on the SP. (this is not saying I don't like the company and what Forrest is doing for the community) just saying a reweighting in iron ore demand is a possibility and risk will be priced.
Quite happy to hold this pos for a few weeks though.
But please DYOR.
I'm not long in this market and still have a bearish sentiment on it.
credit probs now old news inflation is the new, page-3
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Last
$66.91 |
Change
0.420(0.63%) |
Mkt cap ! $12.97B | |||
| Open | High | Low | Value | Volume |
| $66.56 | $67.77 | $66.37 | $15.47M | 230.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3182 | $66.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $67.10 | 429 | 1 |
View Market Depth
| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| ASX (ASX) Chart |