I'm just saying that i dont think the cycle has bottomed yet. The iron ore price hasnt seen cyclical lows. Shorters havent turned up. I love FMG its a great company and i will be buying. But not yet. That's the time to buy and we're not there yet.
i disagree with other posters who have been saying that FMG has dropped to buy levels. For me its a "not yet".
Iron ore price, page-52601
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Last
$18.57 |
Change
-1.780(8.75%) |
Mkt cap ! $57.08B | |||
| Open | High | Low | Value | Volume |
| $18.59 | $18.68 | $18.47 | $232.4M | 12.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 8384 | $18.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.58 | 10617 | 40 |
View Market Depth
| Last trade - 11.46am 30/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |