Australia's largest stock trading and investment forum Australia's #1 stock forum

FMG

Click for more information

2.21%

$19.41 fortescue ltd

Tomboy, cmon leave the Bulls alone

First 11477 Last

Share
Profile

Follow
trent3727

6,582 Posts.

213

19/08/24

21:54

Post #: 75276382
Share

Originally posted by tomboy: ↑

the range is tightening
the wedge is narrowing, headed for a rebound imho

today opened -9c lower with -25c lower red body but 5c neck 2c tail
closed near daily lows
its trying to find a floor and rebound point

16.82 might be it we will soon see but cant be far away

AF & the BOD have lost sight of the core business blowing $Bs on H gas and woke crap.
RIO did the same many years ago and lost $13B cash on african waterfalls

I have been saying on here for years, they need a new mill, refinery and the exmouth mines & a mill there too plus more port berths and vertical integration with their own ore fleet even and EV battery mines.
Yet they wasted $Bs on H gas, solar, jet planes, MCR Noront and other cashburning blackholes.
They had AGO 20% control but gave it to Gina for $450M now worth $20B to her and $5Bpa revenues.
They had al that cash in bank but refused to pay down the CS high rate junk bond debt with it.
Big mistakes again and again.

SHORTS are not making much here.
Times almost up for shorts imho.

Expand

Tomboy, cmon leave the Bulls alone

FMG Price at posting: $17.01 Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

Finance school vs reality: What they don't teach you about the stock market

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Making money: How many microcaps should be in an investor's portfolio?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

There are more pages in this discussion • 165 more messages in this thread...

First 11477 Last

Add FMG (ASX) to my watchlist

(20min delay)
Last $19.41		Change 0.420(2.21%)		Mkt cap ! $59.76B

Open	High	Low	Value	Volume
$19.19	$19.55	$19.10	$98.59M	5.097M

Buyers (Bids)

No.	Vol.	Price($)
3	32185	$19.38

Sellers (Offers)

Price($)	Vol.	No.
$19.43	946	2

View Market Depth

No.	Vol.	Price($)
2	31185	19.380
2	2000	19.370
1	2000	19.360
1	10000	19.350
4	14530	19.340

Price($)	Vol.	No.
19.430	946	2
19.450	4300	2
19.490	14477	1
19.500	10500	2
19.510	78055	2

Last trade - 16.10pm 28/10/2024 (20 minute delay)

FMG (ASX) Chart