The previous cycle fmg got above $25 then went back below $15. This cycle it got almost to $30 and so if it drops back to $18.55 as speculated here thats a drop of roughly the same percentage. Its starting to be in the range of a cyclic low type buy for me given how solid the company cashflows are.
At the highs approaching $30 everybody on this forum was bullish. As the price drops watch the negative comments appear on HC. But actually the opposite is true. For such a solid company I'm keen to buy more i iust want to do my buying during the cyclical lows.
The previous cycle fmg got above $25 then went back below $15....
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Last
$16.40 |
Change
0.200(1.23%) |
Mkt cap ! $50.61B | |||
| Open | High | Low | Value | Volume |
| $16.23 | $16.47 | $16.22 | $56.45M | 3.058M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 5168 | $16.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.40 | 2239 | 6 |
View Market Depth
| Last trade - 11.00am 05/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |