A plunge in futures after ASX hours again. Hmm. Big jump yesterday ... FMG seems to gyrate with futures.
Query for someone with knowledge - IO futures tends to affect the spot price and the subsequent share price of Aussie IO producers. 90% of the time. This looks extremely dodgy. Knocking down or spiking the futures by 2-3% would surely be a significantly smaller cash outlay than altering the share price of, say, a large company like FMG to the same degree. i.e. It appears that a stack of money can be made by smashing the futures after close of ASX trading for a modest outlay then picking up a stack of cheap IO shares the next morning, and vice versa. Am I just paranoid or is this pure manipulation and we are fools?
Futures trading is a real guessing game whrreas spot IO price is based on daily supply and demand, but spot price follow sfutures like a puppy dog. Why?
A plunge in futures after ASX hours again. Hmm. Big jump...
-
- There are more pages in this discussion • 50,894 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
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 |