The moment the GameStop squeeze resolves itself the hedge funds won't all be liquidating all their other positions to make margin and liquidity calls... then everything probably goes straight back up except they'll take all the profit from here to $30+ if you sold after just a few Red days.
Remember, the pros talking about iron ore price reverting to the mean have been wrong about both the price and FMG for at least a decade.
Iron ore price, page-27686
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Last
$22.41 |
Change
-0.210(0.93%) |
Mkt cap ! $68.99B | |||
| Open | High | Low | Value | Volume |
| $22.36 | $22.61 | $22.30 | $82.59M | 3.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $22.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.42 | 11435 | 2 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |