"I have just purchased by first lot of FMG at $ 2.05. Not a good result so far, but small change to start with."
Mate that's a shame.
I feel for you....I really do.
A 16 percent retrace in one day is, in anyones laungage a lot to loose.
I have been posting my warnings regarding FMG for some time. Did you not read them?
You do of course have two choices going forward.
One. You can hold and let the chips fall where they may; or
Two You can sell and cop the loss.
You may think that 16 percent is a big loss to cop, which of course it is, but then again, fmg's s/p just may move south again Thursday and all of a sudden the current price looks a lot better.
But please, don't take any advice from me as what I give here is my opinion only.
Good luck for the future.
btw Have you considered shorting fmg?
FMG Price at posting:
$1.72 Sentiment: ST Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)