Spuza, I don't hold much now, I'm at 25% of my original holding and 9% of my max holdings now. I sold down a lot of shares before Q report, but I was foolish enough to bought some back at $5.90 on Wednesday closing thinking the Q report will be a "winner", sold that parcel at open on Friday and copped the 40c lost.
I'm not buying ATM, trend is down, all the MA technicals are not looking good ATM. Chinese demands are low because of their policies. Like I said since Thursday, that "76%" is the biggest concern, not IO price. Once IO price is low enough and more high cost producers leaving the market, FMG will be in a great position to take advantage of that "low" IO price.
FMG will be fine in 6 months time, if FMG is not making money, neither will be ANYONE ELSE really, be it RIO or BHP. So when the dust settled we should have a chance to buy and make some money.
DYOR.
Frank.
Iron ore price, page-748
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Last
$27.44 |
Change
0.425(1.57%) |
Mkt cap ! $84.39B | |||
| Open | High | Low | Value | Volume |
| $27.64 | $27.67 | $27.15 | $63.98M | 2.329M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1227 | $27.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.44 | 1925 | 12 |
View Market Depth
| Last trade - 14.18pm 22/05/2024 (20 minute delay) ? |
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Last
$27.41 |
Change
0.425 ( 1.79 %) |
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| Open | High | Low | Volume | ||
| $27.64 | $27.66 | $27.16 | 539235 | ||
| Last updated 14.36pm 22/05/2024 ? | |||||
| FMG (ASX) Chart |