FMG 0.35% $25.66 fortescue ltd

What changed last week?FMG's share price for sure. A fall in the...

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    What changed last week?

    FMG's share price for sure. A fall in the IO price to a lower "high". A fall in US markets prompted by nothing to do with IO supply or demand. We got closer to shut down for CNY (even a wall calendar could see that coming). And a great FMG production report.

    But the biggest change was sentiment to the share price as evidenced by posts here. It went from; when will we hit $30 to I think it will go below $20. The sentiment change just shows the psychology that doesn't help in trading/ investing and the herd mentality.
    Last edited by venusflytrap: 30/01/21
 
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