The CBA's opinions carry a lot of weight. For many reasons.
It is the biggest company on the ASX at 8% of the all ords index. Bigger than BHP.
Its register includes a very large number of private individuals and SMSF funds, it is a favourite 'buy' by just about every analyst. In other words, when the CBA speaks, people everywhere in the market listen.
What I would like to see is a resolution in the US, to coincide with the FMG quarterly due tomorrow.
We have yet to see massive capitulation by the short brigade. So Mr Chanos may have done us a favour. Ie. a lot of potential buyers are still out there. Some very keen to rid themselves of the shorting pain.
As I write the 20 leaders index is down, but FMG match is at 530. Funny that...
Seriously, a classic sign of short covering is when the match price suddenly goes to positive seconds before the open.
last price $5bucks, 12mth high $5.47, page-28
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$17.73 |
Change
-0.210(1.17%) |
Mkt cap ! $54.59B | |||
| Open | High | Low | Value | Volume |
| $17.86 | $18.00 | $17.67 | $106.1M | 5.956M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3136 | $17.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.76 | 10562 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |