It's a rugged day today on the Stockmarket, I thought all the shorters were gone too but just like cockroachs, just when you think there are no more left there seems to a few still hanging around FMG. The iron ore price was up last night and continued to hold its gains all day, but on the opening there were 5 million shares of FMG traded in the first 10 minutes, typical short selling. It does not matter, the fundamentals for FMG have not changed, as Bill Clinton once said "It's the economy stupid" for FMG holders "It's China stupid", interest rates rising here and in the U.S. will not make much of a difference to iron ore prices as long as China pushes ahead with it's economic stimulus, its 2008 all over again.
Good Luck
It's a rugged day today on the Stockmarket, I thought all the...
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Last
$19.49 |
Change
0.320(1.67%) |
Mkt cap ! $60.00B | |||
| Open | High | Low | Value | Volume |
| $19.06 | $19.51 | $18.92 | $114.2M | 5.891M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $19.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.50 | 5200 | 4 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |