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
$16.96 |
Change
-0.365(2.11%) |
Mkt cap ! $52.28B | |||
| Open | High | Low | Value | Volume |
| $17.11 | $17.23 | $16.83 | $179.5M | 10.49M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 12214 | $16.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.96 | 3908 | 13 |
View Market Depth
| Last trade - 14.36pm 15/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |