Investor450
I would gradually cover from 4.7 to 3.8, than might consider going long depending on the news and if I think the market has overshot itself. I am not a perpetual short seller in FMG, but this level just seems too high and higher chance of profit in selling at this price.
I agree RIO CEO is a smart man, but given the circumstance what did you expect him to say... he said things as expected of him.
I understand the China inventory significantly draw down after Chinese new year, but the reports I am reading this year it is happening (yet?). The noose on the property sector is really slowing down activity, probably see more effect of this over 2012 and as the still building projects become completed. There is alot of headwinds coming from China, the country needs some structural reforms that is just not happening fast enough IMO.
Investor450I would gradually cover from 4.7 to 3.8, than might...
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Last
$22.41 |
Change
-0.210(0.93%) |
Mkt cap ! $68.99B | |||
| Open | High | Low | Value | Volume |
| $22.36 | $22.61 | $22.30 | $82.59M | 3.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $22.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.42 | 11435 | 2 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |