I suspect that there are many investors with a similar attitude who are supporting the FMG share at the moment. The question is, what happens when everyone has spent their lolly money? And even if, optimistically speaking, the IO price recovers later this year, what is likely to happen to the share price in the mean time?
There is a possibility that FMG will stage another rally (perhaps even a major rally). But I'm happy to sit it out and watch from afar. I'm not buying in again until there is a major correction. And if there isn't... cest la vie..
I suspect that there are many investors with a similar attitude...
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Last
$21.76 |
Change
0.350(1.63%) |
Mkt cap ! $66.99B | |||
| Open | High | Low | Value | Volume |
| $21.49 | $21.76 | $21.32 | $97.85M | 4.532M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1380 | $21.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.77 | 28571 | 3 |
View Market Depth
| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |