I recall someone said "Trade what you see not what you think". I see this stock going down after a brief respite when the shorters pressed the brake pedal.
If this IO prices is manufactured down then based on that assumption no reason for China to bid it up. Far cheaper to subsidize loss making local producers and watch a takeover. SDL would probably have their bid lowered again I suspect.
great day, page-26
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Last
$15.88 |
Change
-0.320(1.98%) |
Mkt cap ! $48.89B | |||
| Open | High | Low | Value | Volume |
| $16.40 | $16.41 | $15.88 | $188.3M | 11.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 15657 | $15.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.89 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |