FMG 1.62% $21.92 fortescue ltd

Doc Still slightly positive up 1.00% I am not sure if market is...

  1. 3,510 Posts.
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    Doc

    Still slightly positive up 1.00%

    I am not sure if market is now closed, but being down by over 3.00% and then reversing back to positive territory in a few hours is irrational

    Suspect that the Chinese traders are working to keep the price down

    I read that this easily achieve by buying one or two cargo loads at a low price causing the broader market to fall

    The oversupply is topped as being 50.0mt this year, yet IO price down 70.00% plus since Jan 1

    Continued press and big 4 miners confirming that more and more coming soon creates do much negative sentiment and IOP moves down
 
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$21.92
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$21.60 $21.95 $21.54 $94.22M 4.315M

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1 1000 $21.91
 

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$21.93 18370 7
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