all inverters in the stock market are speculators my friend.
in mid April you purchased fmg at about 5.40 and 3 weeks latter you sell at lows when it tanked. lost some 12%.
that's creative speculating. i did mention the exchange rate in my post to you. and the deflation you talk about will give china more room to inject capital into the system.
the reason they had high inflation was they injected to much last time. now they can nurse it up.
fmg had a bounce yesterday and held that against a falling market today.
rethink about iron ore future, page-56
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Last
$16.87 |
Change
-0.455(2.63%) |
Mkt cap ! $52.28B | |||
| Open | High | Low | Value | Volume |
| $17.11 | $17.23 | $16.83 | $210.2M | 12.30M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 4692 | $16.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.87 | 3733 | 20 |
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| Last trade - 15.36pm 15/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |