I know I was a bear on FMG a few weeks ago but this I find a bit hard to swallow.
"``We remain cautious of the aggressive ramp-up targets and the ability of all parts of the infrastructure chain to support Fortescue's aggressive expansion plans,'' Macquarie Group Ltd. analyst Len Eldridge said in a April 29 report. He has an ``underperform'' recommendation and a price target of A$4.10 on the stock."
http://www.bloomberg.com/apps/news?pid=20601081&sid=aHk4hDB0d2_c&refer=australia
Is Macquarie going to short sell? They will need to to sell down this Bull in and IO frenzy.
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Last
$19.98 |
Change
-0.160(0.79%) |
Mkt cap ! $61.51B |
Open | High | Low | Value | Volume |
$20.33 | $20.39 | $19.95 | $158.1M | 7.862M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 5999 | $19.98 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$20.02 | 555 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 9999 | 20.970 |
1 | 16 | 20.540 |
1 | 65 | 20.500 |
3 | 460 | 20.450 |
1 | 389 | 20.350 |
Price($) | Vol. | No. |
---|---|---|
18.960 | 999 | 1 |
18.990 | 1502 | 2 |
19.000 | 775 | 1 |
19.270 | 28 | 1 |
19.360 | 5865 | 3 |
Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
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FMG (ASX) Chart |