Hi Nolan. I agree FMG is cheap now but I'm not buying yet. 2 or 3 years ago some obviously paid posters turned up on this forum right at the time of a drop in the iron ore price. They were obviously working in cohoots to try and ramp down the share price to enable their paymasters to buy in cheap by scaring the retail investors. The share price then got driven back below $15 from a high of $25.
Personally i am waiting till those clowns turn up again on HC before i buy. As terrible as their behaviour is i still think it gives you a buying opportunity. I sold out of my FMG holding at $29 and am keen to buy back in but not yet for me.
Iron ore price, page-52581
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Last
$21.90 |
Change
0.040(0.18%) |
Mkt cap ! $67.42B | |||
| Open | High | Low | Value | Volume |
| $21.92 | $22.11 | $21.82 | $224.3M | 10.10M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3932 | $21.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.90 | 400 | 1 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |