FMG 0.93% $22.41 fortescue ltd

Iron ore price, page-51609

  1. 3,317 Posts.
    lightbulb Created with Sketch. 701
    https://hotcopper.com.au/data/attachments/6027/6027696-172d2e15164c8c14baafe59773721efd.jpg
    Not sure if these graphs on google are they good.
    Its not showing the 2020 crash which saw FMG get to $8.20 before rebounding over time.

    I cleared everything January of 2020 and said so in AWC of hotcopper at the time then
    waited for the big crash that happened March of 2020 then let it drop back and waited until it leveled out then go up
    about 15% which is the way I go and bought back in just over $9.

    The graph above doesn't show it dropping below $10 in that period which is wrong.

    I do remember the 2008 super crash which was about the time of the ill fated mining tax
    which saw FMG go from $13.15 to $1.13 and the clever ones that bought then the next year
    there was a bonus dividend so 3 divs all for that year and totaling $1.13 per share so the ones
    that bought at bottom got their money back the next year.

    I half suspect a new super crash is due. When markets get to high something always pulls it back
    whether its a new war some place or something bad somewhere where markets panic and everything falls like a brick.

    We are due for another crash or market correction.
    Best time to pick up cheap stocks when a big crash takes place.
    Market always rebounds.


 
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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
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