The shorters must either be plain stupid or they have direct influence with the upper echelon within the CCP and can manipulate the iron ore price at will.
Trying to buy back 34 million shares when MGX is getting closer to increasing their shipping of high grade iron ore is very foolish.
Maybe they've put their faith in analysts who say that iron ore prices will plunge to US$50/tonne shortly.
I'd actually thought that the recent gains in the MGX shareprice were a result of shorters buying back in, when in fact its the shorters who are still selling.
They might be in for a rude surprise.
- Forums
- ASX - By Stock
- I'm in this stock is pumping!!!
The shorters must either be plain stupid or they have direct...
-
- There are more pages in this discussion • 40 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 MGX (ASX) to my watchlist
(20min delay)
|
|||||
Last
33.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $402.0M |
Open | High | Low | Value | Volume |
33.5¢ | 34.0¢ | 33.0¢ | $371.6K | 1.117M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 244726 | 33.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.0¢ | 266520 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 229576 | 0.330 |
9 | 266543 | 0.325 |
7 | 104508 | 0.320 |
3 | 6150 | 0.315 |
5 | 127886 | 0.310 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 266520 | 7 |
0.345 | 269734 | 8 |
0.350 | 107101 | 6 |
0.355 | 97000 | 2 |
0.360 | 152185 | 5 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
Featured News
MGX (ASX) Chart |