I did say it would drop between $15 to $17 weeks ago.
And I will be wrong as it will drop for another week before the rise.
Its not just FMG but RIO and BHP too.
This is why I don't ever go shares over div cash. Did this last time too where it dropped lower than the buy back of shares over divs.
Maybe its the China financials which are in a hell of a mess and could well fall which is causing mass panic on markets today.
We got into a bubble and it might be bursting.
A perfect storm.
Bargain hunters will soon pile in but not today.
Think that will happen later next week unless we are at the start of a super crash/correction.
I'll be topping up on lithium over IO this time round as lithium is in boom times now with high prices of its ore.
Iron ore price, page-37423
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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 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |