FMG caused me a lot of pain over the past 2 years.
Finally I bit the bullet and sold, and it's been a revelation.
This is a stock for traders ONLY - not long term investment. Unless you want your health to suffer.
If someone is clever enough to make money by shorting this stock rather than taking a long position - good on them.
For me it's as simple as putting your money on red or black in roulette with FMG - sometimes it pays off sometimes not - but you have absolutely no control over it.
You are at the mercy of speculators both on the stock, and in China trading iron ore with derivatives.
Iron Ore Price, page-7262
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 (20min delay)
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Last
$17.50 |
Change
0.840(5.04%) |
Mkt cap ! $53.88B | |||
| Open | High | Low | Value | Volume |
| $16.89 | $17.74 | $16.84 | $346.2M | 19.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5870 | $17.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.50 | 12148 | 3 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |