FML 5.26% 18.0¢ focus minerals ltd

wasn't fml supposed to be 10c to 20c per share, page-28

  1. 260 Posts.
    And I'd be down over 50% from 7.4c which was the last price I was in at about this time last year.

    Bit of trivia, when I was in FML last year I was holding between 1 to 1.5 million shares at a time. This translates to between 74 and a 105 thousands worth in dollars. At 3.2c odd a share if I was still in I would have lost between 42 thousand to 55 thousand odd in dollars in the last year in actual value.

    But its only a "paper loss" I here some posters say. Well with the cash I have saved I've put a sizable deposit on a surfers paradise townhouse and paid for renovations. Try doing that with a "paper loss".The townhouse is 5 minutes walk to Cavill Ave and 10 minutes walk to the beach. A unit in the same block sold for $80,000 more then what I just bought mine for 3 years ago.

    Funnily enough I once tried to put the "paper loss" arguement to a lender, re-some crap stock I was holding and they wouldn't have a bar of it. So why does this arguement hold so much currency amongst share traders?

    Happy punting.

 
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Change
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19.0¢ 19.0¢ 18.0¢ $6.706K 36.95K

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2 20497 18.0¢
 

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19.5¢ 47412 2
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