You reckon the price is going back up?
I don't know, not many people predicted the boom either. But in any event, it doesn't need to. The company is making money now, and is on a massive cost cutting exercise. If it can weather the storm, - and that looks a done deal, - then when prices do turn up, they will be lean, mean, and efficient.
A lot of smaller, later startups will not be in business then, and the biggies will have a field day. Its the usual shake-out cycle that I have seen many times before. And its amazing how people always predict falling prices to fall further, and rising prices to keep rising forever.
Nobody predicted Fe to hit $150 when FMG started out.
- Forums
- ASX - By Stock
- YES china is still growing + there is Strong demand for everything !!! it will last forever !!!
You reckon the price is going back up? I don't know, not many...
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$20.14 |
Change
0.180(0.90%) |
Mkt cap ! $62.01B |
Open | High | Low | Value | Volume |
$20.11 | $20.40 | $19.80 | $203.8M | 10.11M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10 | $20.13 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$20.14 | 17291 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10 | 20.130 |
4 | 107866 | 20.120 |
2 | 114 | 20.110 |
9 | 27730 | 20.100 |
3 | 3073 | 20.080 |
Price($) | Vol. | No. |
---|---|---|
20.140 | 17291 | 1 |
20.150 | 15054 | 2 |
20.160 | 23460 | 4 |
20.170 | 12974 | 1 |
20.180 | 17206 | 1 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |