People here have been talking about the 'smart money closing their shorts' since $4. this is going to below $3 where it is likely to remain for a while. The mining boom has peaked and FMG is a pure play IO, Extremely high levels of debt, slowing Chinese demand... a 7% drop in the AUD has had absolutely no impact on investors perceptions about this stock.
very bearish short term. hoping for a china-rebound so I can sell out at a 10-15% loss.
its time, page-87
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$20.02 |
Change
0.550(2.82%) |
Mkt cap ! $61.64B | |||
| Open | High | Low | Value | Volume |
| $19.72 | $20.47 | $19.51 | $210.5M | 10.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 74300 | $20.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.03 | 100000 | 2 |
View Market Depth
| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |