imho,
FMG is held over 50% by Mr Forrest, who presumably wasn't shorting the stock (Though his backer in NY was LOL!!).
So even though it is vastly less liquid than a comparable stock, it's price has been hammered even more than it's peers.
The market is rarely wrong imho.
I've though the market was wrong many many times, and still did my dough cold.
It is unwise to ignore the collective wisdom of the masses.
Sometimes going against the trend makes big money. FMG made me big money EARLY ON when none of the instos or research houses would even mention it.
But now I've sold out completely because I can see huge headwinds approaching.
Cut your own path, but NEVER become smitten by ANY stock.
imho,FMG is held over 50% by Mr Forrest, who presumably wasn't...
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Last
$18.87 |
Change
0.590(3.23%) |
Mkt cap ! $58.10B | |||
| Open | High | Low | Value | Volume |
| $18.86 | $18.90 | $18.44 | $375.1M | 19.96M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 900 | $18.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.88 | 3586 | 4 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |