Iron ore price, page-35169

At the moment I would NOT repeat NOT buy FMG at all if your plan is for the long term.
Never ever buy in these cycles unless you want to lose loads of money.

Every single dividend cycle the shares go up on expectation of profits.
Which happened recently when the share price got to the record high of
I think $26.58 before its crashed back.

They get released a few days they go up then drop like a brick then leading
up to the divided announcement they shoot up so they'll start doing that soon
then the announcement comes and they shoot up even higher and then after a
few days they drop very hard far harder than any dividend pay out can cover.

Then leading up to pay out they keep on falling.
Pay out comes probably early October before the steady rise upwards again.

Best time to buy is about 2 weeks before pay out that is if you are looking at long term.
It could be as low as $20 a share by then and by years end they'll be far higher and at record high
prices on FMG shares again.

Go look at any graph in these dividend cycle periods.

Some will have nerves of steel and they may be buying now and then as soon as the dividend
announcement comes they'll sell making a small profit but so many things can go wrong its not worth it.
I'm in for the long hall.

Its why my sentiment is hold and held.