FMG 0.00% $20.35 fortescue ltd

who held for the last 3 years, page-10

  1. 24,386 Posts.
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    Sandma,

    I have to be honest with you.

    I had FMG on my watch list since they were about $1.20 to $1.40 (possibly before that), and I was going to buy if there was a slight move back.

    I went away for a few months and, when I came back, it was about $3.00 or $4.00 or there about. In one sentence, I missed the boat.

    So, I decide to wait for a retrace and, waited and waited but it kept on going higher.

    I then thought well, I missed the boat this time and surely, there is plenty more fish in the sea.

    The opportunity came back sometime in August, during the retrace, because of the DOW. FMG got down to about $30.00, I took the plunge and got in. Although I would have loved to get in at a lower price, it was too good of an opportunity to miss.

    If you have the funds and nerves of steel, and I have stated this may times before in many other forums, that is the time when someone can take advantage of the ones who are nervous nellies, and getting out because of fear.

    If you like a stock, and have the confidence in it, You don't have to downramp it. I never did. Just wait till someone get nervous and sell.

    Now I am laughing.

    Will I continue to hold?? I don't know. But I will have to make my mind up, one way or the other very soon.

    Good luck.......Buddy
 
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