FMG 5.04% $17.50 fortescue ltd

IO rising as Chinese Hedge Funds Speculate, page-2

  1. 11,466 Posts.
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    Hello gassin I don' t normally disagree with your posts.

    However I think if we go back to the highs in io market, imo speculator induced highs, I'm thinking alot of whom would of been Chinese nationals .

    All of whom got spooked when this new Chinese administration came into power promising to crack down on coruption, was there backhand payments going to the chinese government officers who did the buying of the IO? Imo probably.

    Thus the IO lows, no speculators.

    Now the new Chinese Administration is signalled it will be focusing on growth as no doubt the thought of 200/300/400 million p#ss&d off Chinese rioting because the wealth isn't being distributed evenly , they are a communist country after all, is a terrifying thought.

    Would keep them a wake at night, I would of thought.

    But now with the Administration focusing on growth are the speculators starting to dip their toes in the water, so to speak?

    Could be?

    Should someone who is more proficient at charts than I produce a 5year? chart of the IO price with the commencement date of the new administration marked on it we might learn how far the speculators look ahead?

    Cheers.
 
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Last
$17.50
Change
0.840(5.04%)
Mkt cap ! $53.17B
Open High Low Value Volume
$16.89 $17.74 $16.84 $330.2M 18.96M

Buyers (Bids)

No. Vol. Price($)
3 5870 $17.48
 

Sellers (Offers)

Price($) Vol. No.
$17.50 12148 3
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Last trade - 16.10pm 13/09/2024 (20 minute delay) ?
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