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.
That is just rubbish. A rate cut is very bad news. All that...
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Last
$17.73 |
Change
-0.210(1.17%) |
Mkt cap ! $54.59B | |||
| Open | High | Low | Value | Volume |
| $17.86 | $18.00 | $17.67 | $106.1M | 5.956M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3136 | $17.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.76 | 10562 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |