Positive IO price and open met with virulent shorting/selling yet again.
Its not about the FA but about the Instos and shorters wanting to drop this to 3.00-4.50 and see how low it can go, still 3 months into a bear trend is fairly early, normally it goes for 6-18 months, so just wait to see the flattening out and flatline and break of the downtrend,
''better to buy on the way up in an uptrend than to catch a falling knife on a false rebound"
Why buy at 4.90 when it may be 4.00 next month?
Rather buy at 5.50 on the way to 7.00 again or at 4.00 going to 5.00.
If I hadn't been picking FMG so well since 2006 I would be interested here at 4.50 but then I thought that in 2008 and it went to 1.80 so wait and see and let others take the losses.
Positive IO price and open met with virulent shorting/selling...
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Last
$21.21 |
Change
-0.310(1.44%) |
Mkt cap ! $65.30B | |||
| Open | High | Low | Value | Volume |
| $21.60 | $21.64 | $21.15 | $128.2M | 6.026M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3190 | $21.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.22 | 1058 | 2 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |