Looks like these shorters put their money where their mouth is and they don't see any meaningful bounce but a continuation drop. You cannot blame shorters for the SP destruction unless the fundamentals give them the reasons. When a profiteer smells blood, they go for the juglar.
I have no position in FMG but at one time was contemplating long, that contemplation has since extinguished with the world economy at play.
iron ore price, page-1303
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |