Hi Blox, I like your last post very much!
If I am a short, I would endure as much negativity as possible for every positive reports/announcements in order to destroy holders’ willingness to hold or even buying more.
In doing so, the shorters will have better chance to maximise their profit and less chance in covering the shorts in much higher price.
The reality is that they will take profit soon or later when the opportunity comes in particular FMG appears to be responding well to the challenges of low IO price. The shorters won’t put themselves in a situation in selling lows and buying highs. Also most of the time they have their orders spreading both buy and sell sides to control the price movement. Just my thought!
Iron Ore Price, page-739
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Last
$18.49 |
Change
0.390(2.15%) |
Mkt cap ! $56.93B | |||
| Open | High | Low | Value | Volume |
| $18.32 | $18.62 | $17.94 | $159.1M | 8.651M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 150 | $18.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.50 | 4305 | 5 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |