For me it's the artificial nature of the short. Selling something you don't own & buying it later. It reminds me of the derivatives made up by investment banks that have caused mass chaos (ie. subprime mortgages). Also most of the non professional investment community do not understand short selling or know how to short sell, hence it is viewed as an impedement to building wealth via the stock market. I think it should be banned, just to give some security to genuine investors. Shorters can undo a company...like the attack on MQG at GFC time. It disgusts me that Shorters wanted to see MQG share price so low it breached it's market cap covenants and eventually went bust. It would have cost people billions in collateral damage. This all IMO. Ps. Long FMG = my bet for this pending Christmas rally!!
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Last
$22.48 |
Change
0.380(1.72%) |
Mkt cap ! $69.21B |
Open | High | Low | Value | Volume |
$22.41 | $22.64 | $22.22 | $89.05M | 3.959M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 20914 | $22.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$22.50 | 6164 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 20914 | 22.480 |
1 | 6216 | 22.470 |
3 | 10934 | 22.460 |
5 | 9052 | 22.450 |
6 | 20271 | 22.440 |
Price($) | Vol. | No. |
---|---|---|
22.520 | 9162 | 3 |
22.560 | 1000 | 1 |
22.570 | 500 | 1 |
22.590 | 14461 | 4 |
22.600 | 5715 | 8 |
Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
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FMG (ASX) Chart |
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James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
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