There's that Buffet quote again "The market can stay irrational longer than you can stay solvent." Anyway, talking of irrational, the fin press hacks are at it again with the very irrational iron ore trucks falling through space approach- a fantasy that completely defies the laws of gravity. No graviational pull and things just don't fall. Besides which, it's hard to imagine why someone would send an iron ore truck into space in the first place. Mislocation of Simandou maybe?
We did get a bit of a dip in the IO price today, none the less: DCE Sept futures Last:756 Yuan Chg:-22 US$104.70, but that's nothing too dramatic for a volatile commodity. I was lucky and picked up a parcel of FMG at this price today, and will buy more if it dips further.
There's that Buffet quote again "The market can stay irrational...
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Last
$16.13 |
Change
-0.070(0.43%) |
Mkt cap ! $49.66B | |||
| Open | High | Low | Value | Volume |
| $16.23 | $16.47 | $15.93 | $188.9M | 11.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3323 | $16.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.15 | 750 | 1 |
View Market Depth
| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |