You're all forgetting that the drop in SP's got nothing to do with POG or FML. Punters are worried about a major pullback in stocks, as the DOW failed to hold 10000. I bet there is no-one out there who will disagree with my statement that we would not be seeing .048 close today if it wasn't for the jitters due to DOW looking at a possible retrace. So there you go - there is your reason for he drop in SP. As soon as there is confirmation that the major indexes are back on track we on our way back up. For now the massive drop in stocks least year is still too fresh in memory and lots of punters are simply protecting their money by pulling out in case there is a pullback.
So dont panic, ride the storm, buy if you have some more spare cash and be guided by FML's fundamentals - we all agree these are looking great.
W1 - could you just elaborate little bit further on why you think it might reach 0.02 cents?
this sp bites, stop it right now!, page-32
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Last
12.5¢ |
Change
-0.013(9.09%) |
Mkt cap ! $35.81M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 12.5¢ | $6.335K | 47.44K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 198192 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 67030 | 2 |
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| Last trade - 15.58pm 26/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |