There is not a poster here that should not know my MFG strategy. l am sick of replying to doomsayers with my statistically guaranteed method of averaging down my buy price.
As a trigger was reached yesterday, l did what l do. Average price now below $12, with a target of $10 over the next 6 months.
l have accumulated many other stocks that preoccupied my capital allocations that now allow me to extract profits. MFG and PTM presently get their share of those profits.
If l am wrong on the cyclical switch to active fund managers, so be it. It won't change my life in any way. If l am correct, l will have the satisfaction that decades of making cyclical errors are followed by decades of cyclical gains.
l can now only think in 3 to 5 year time frames when l invest and the more bearish the view a profitable business attracts, the more l buy and buy and buy.
The old energy sector only 2 years ago was on the nose in every way ad prices beaten to a pulp. Today, coal, gas and oilproducers are accused of profit gouging while their prices are at dizzying heights throwing off absolutely absurd dividends relative to their 2020 prices.
The death knell posts back then on those "dirty energy" stocks pretty much mirror what l read here today on "active managers". It almost eerily familiar.
l guess only time time and bank balances can ever be the arbitrators.
Usual suspects who condemn my approach can go for your lived. Although l am old, l have learned a new skill that has improved my life's experience on HC.
IGNORE.
It saves me the bother of reading singe minded opinions l do not value.
GLTASH
MFG Price at posting:
$8.76 Sentiment: Buy Disclosure: Held
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