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.
- Forums
- ASX - By Stock
- FMG
- IO rising as Chinese Hedge Funds Speculate
IO rising as Chinese Hedge Funds Speculate, page-2
-
-
- There are more pages in this discussion • 10 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 FMG (ASX) to my watchlist
(20min delay)
|
|||||
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. |
---|---|---|
$17.50 | 12148 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 5870 | 17.480 |
1 | 1000 | 17.460 |
2 | 6723 | 17.450 |
7 | 31214 | 17.400 |
2 | 9802 | 17.390 |
Price($) | Vol. | No. |
---|---|---|
17.500 | 123799 | 5 |
17.510 | 28676 | 2 |
17.520 | 28160 | 1 |
17.530 | 22646 | 2 |
17.540 | 17841 | 1 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online