Some need to settle down. It feels like some had a mental break down with the recent falls. I have some shares I traded at 25 to 27 but I am not going to get depressed as I have also an opportunity now.
The iron ore price is still getting weaker this afternoon. Hard to say if we are approaching the bottom yet. It could be within the mext month or 2 but i am not sure we will see prices increasing quickly like other years.
Paitence. If you cannot bare to see the share price go down then go for a safer investment option.
While I hate waiting I have a 5 to 10 year long term plan. India is the next player to move the iron ore market. Just need to wait for that market to grow.
Iron ore price, page-54430
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Last
$18.12 |
Change
-1.430(7.31%) |
Mkt cap ! $55.79B | |||
| Open | High | Low | Value | Volume |
| $18.76 | $18.85 | $18.12 | $253.5M | 13.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 14492 | $18.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.15 | 25635 | 2 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |