That is just rubbish. A rate cut is very bad news. All that signals is problems with the economy. Which we know their are plenty. It may have a very short term psychological pop.
But that will be it. Once people realise that the economy is heading into the abyss. FMG will continue to declince and test $1 or lower at some point. Any big bounce is a chance to short, not go long.
Debt, page-127
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Last
$18.75 |
Change
-0.240(1.26%) |
Mkt cap ! $57.73B | |||
| Open | High | Low | Value | Volume |
| $18.53 | $18.75 | $18.44 | $216.3M | 11.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1990 | $18.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.76 | 47022 | 3 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |