Being angry with this recommendation, my request has just been sent:
Dear Nathan Bell,
I am writing to you in relation to your recent published InvestSMART Sell recommendation on the FMG stock. It would be more informative for the reader if your recommendations are proven by some figures otherwise this kind of recommendations mislead the readers. FMG is one of the highest yielding stocks on ASX and its monthly chart shows a strong uptrend for the past 2.5 years.
Contrarily in the same article, your Buy recommendations are provided for the UMG and MAF stocks which don’t pay attractive dividends at least of over one order (10 times) less than FMG. In relation to the UMG share price, it needs to break a strong resistance just below $4.70 to move up. A significant “force” will be required to go higher to break this price level.
With your Sell recommendation on FMG, there is a contradictory statement: “Although it should still be very profitable at lower iron ore prices…” then to sell. Could you please explain why a stock with the one of the highest paid dividends on ASX without giving any reasoning should be sold?
I am sorry but I don’t understand the purpose of your recommendations and I would appreciate an explanation for the FMG Sell recommendation please.
Thank you.
Yours sincerely,"
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Last
$17.34 |
Change
0.520(3.09%) |
Mkt cap ! $53.38B |
Open | High | Low | Value | Volume |
$17.31 | $17.51 | $17.00 | $309.6M | 17.18M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 300 | $17.33 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.35 | 28897 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 300 | 17.330 |
3 | 1302 | 17.310 |
4 | 4250 | 17.300 |
2 | 2522 | 17.290 |
2 | 1080 | 17.280 |
Price($) | Vol. | No. |
---|---|---|
17.350 | 27484 | 2 |
17.380 | 1000 | 1 |
17.450 | 500 | 1 |
17.480 | 1000 | 1 |
17.500 | 3081 | 3 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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FMG (ASX) Chart |