Had a go at shorting FMG today and we'll see. My premise is that Chinese iron ore stockpiles are growing and with the 19/2 report ahead - any negative may be harshly dealt with. IMO, the share price has priced in all of the obvious positives, and more. The SP has doubled since June 2013 - I can see why, however, I feel it's simply gone way too far and IMO global macros may not be pretty within this time period. I may look at shorting more on the 17/02 - 18/02 depending what eventuates from now until then. Luck to all.
Had a go at shorting FMG today and we'll see. My premise is that...
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Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |