Patience has to be the name of the game here, and with the BB.
The BB isn't in place for short-term traders to benefit from the price running up quickly, it is the company believing that their sp is undervalued - so investing for the long-term by buying low.
The price has risen from $3.70 to $4.20 in a month, so I'm somewhat happy for it to take a breather - knowing that the BB hasn't really contributed (on market $ - sentiment is harder to measure) to the rise.
Iron ore price, page-8555
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Last
$17.50 |
Change
0.840(5.04%) |
Mkt cap ! $53.88B | |||
| Open | High | Low | Value | Volume |
| $16.89 | $17.74 | $16.84 | $346.2M | 19.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5870 | $17.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.50 | 12148 | 3 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |