FMG 2.02% $25.70 fortescue ltd

Hi @Samboy69 Hi all, haven't been posting for a while, just...

  1. 957 Posts.
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    Hi @Samboy69
    Hi all, haven't been posting for a while, just watching.LT holder of FMG.

    Wrt TA, @Samboy69 , some of your arguments are a little flawed. Just because a stock is volatile does not necessarily mean the shorts are manipulating the price. This is not to say FMG is not dropping, which you have apparently predicted, and which you apparently keep predicting.

    For example, above, you say "and then the shorting started on cue". Now this post was on the 29/09/17. Aggregate short sales were in a downward trend on this date and continued from .18% capital shorted(.29% capital shorted the 28/09) until reaching .07% of capital shorted on 05/10. Now if anything this shows that the reportable short positions were reducing (being closed off) or at the very least holding.

    Now please don't get me wrong, FMG has been left in neutral without the hand brake on, prob since Nev left, maybe a lack of confidence in the future if FMG without him, in not sure.

    But if u r going to post any TA, throw a chart in that represents the basis of your arguments. @sohoisnotforsale os a handy chartist and like his posts in this and other forums.

    One might suggest you're merely reading a blurb on some investment site and regurgitating their support/resistance levels.

    Anyway, that's my take on it.
    Keep up the good work, you're doing a bang up job telling everyone about your 'cliff face' and your nostrodamic predictions.

    Stu
 
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Last
$25.70
Change
0.510(2.02%)
Mkt cap ! $79.12B
Open High Low Value Volume
$25.58 $25.78 $25.39 $142.8M 5.570M

Buyers (Bids)

No. Vol. Price($)
1 1 $25.63
 

Sellers (Offers)

Price($) Vol. No.
$25.75 3050 3
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Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
$25.73
  Change
0.510 ( 2.20 %)
Open High Low Volume
$25.57 $25.78 $25.39 738887
Last updated 15.59pm 29/03/2024 ?
FMG (ASX) Chart
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