people have to accept drops in the s/p on news that is persevered as negative. Same as the rise on positive perception.
people do not buy in so fast when shares have had a climb. they tend to wait for the correction caused by profit takers and results of neg news. Then they jump on and drive it further feeling they got in on a better price. opting then to sell again higher.
That we saw in the last two days. a high open then a sell of to negative. to only rise the next day on open. lift some then again a sell off on Chinese news. this makes a better entry point.
at the end its the same story and will be for fmg more so than other miners due to its debt. This how ever will be a different story in the future when people see the reduced debt. and regular high dividend. Till then its 3 steps forward and two back in sink with the mix of economic news from emerging markets and the price of ore. Fmg fundamentals are in tact and on song so that will be the stabilizing factor going forward.
people have to accept drops in the s/p on news that is...
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Last
$20.14 |
Change
-1.180(5.53%) |
Mkt cap ! $62.01B | |||
| Open | High | Low | Value | Volume |
| $20.65 | $20.83 | $20.02 | $262.9M | 12.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1250 | $20.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 2500 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |