wish you the best with that view, that view directly helps me out especially haven written substantial puts the other day, despite my position disclosure I just cant see it at all within like 10 days, why ,well in my view like I mentioned about a week or so ago, all the news is out, unless there is something unforseen.
we know the company is printing sheet loads of money, yet we see weakness in the sp,
we know the div was outstanding and the next one will probably not disappoint
we know their costs are ridiculously low, yet we still see weakness in the sp
we know the balance sheet is rock solid with minimal debt, yet we see weakness in the sp
apparently we know that fmg sp is undervalued according to all the experts on these forums having run their own detailed valuations off balance sheet and saying it should be an 8 buck stock right now, yet we drop to 5.81 today
with all thiese fantastic known quantities why is sp not back to the 7.30 highs or above?????
on the other side of the coin we also know that iron ore is at high levels and more likely due a pull back, which it seems to have done in the last few days, spot and futures
we know that the shorters absolutey love this stock and its inherent volatility, which they thrive on every other day
we know that the sp is worth what the market is prepared to pay for it, and in the next 10 days I doubt they are going to think its worth 6.50, that would be like me calling it to like 5 bucks from here if I took 70 cents off it. Im all for price forecasts and people having a go and sharing that view, but cmon 6.50 in 10 days
if someone came out right now at 5.81 with say a 6.10-6.20 in 10 days it may be somewhat feasible or slightly believable, but 6.50, sorry cant see it but happy to be proved wrong
please let me know the exact catalysts to back up this sp forecast of an extra 70 cents or some 12% increase in 10 days
- Forums
- ASX - By Stock
- FMG
- FMG Technical Analysis
FMG Technical Analysis, page-89
-
- There are more pages in this discussion • 11,539 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$20.47 |
Change
0.450(2.25%) |
Mkt cap ! $63.02B |
Open | High | Low | Value | Volume |
$19.90 | $20.64 | $19.90 | $227.3M | 11.13M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2983 | $20.45 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$20.50 | 2160 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2983 | 20.450 |
5 | 19853 | 20.420 |
1 | 73024 | 20.410 |
2 | 5010 | 20.400 |
1 | 56560 | 20.390 |
Price($) | Vol. | No. |
---|---|---|
20.500 | 2160 | 2 |
20.520 | 3736 | 3 |
20.550 | 2006 | 2 |
20.580 | 1500 | 1 |
20.590 | 11812 | 6 |
Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online