Big up days like today must be a nightmare for shorters.
I am a long term accumulator, buying on down days. A down day doesn't keep me awake at night since I know in 2 years this will be a lot higher. Short term there is a disconnect from the iron ore price and China etc. But a day like today for shorters must hurt. They have a significant cost of holding.
Still, clearly a way of capitulation for the shorters, taking longer than I expected. I am enjoying watching the battle!
Big up days like today must be a nightmare for shorters. I am a...
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |