the fact that you continue to hold and even buy when you recognize the possibility of going sub $ 2.00 , just amazes me
For a long time I have followed the mantra of hold gainers and sell losers. That way, your portfolio only contains gaining stocks. It goes against what feels good (ie. taking profits) but is a strategy that works well over a long period of time. It takes a lot of discipline to admit mistake and sell losers, most of my sales are actually of losing positions! But holding a portfolio of gainers is very sweet. Eg. I bought in to AHF just after it listed a few weeks ago, its not for sale. Up 65% and very well bid.
I have bought and sold FMG countless times over the last ten years, with a holding cost of way below zero. So holding or even buying on the way down has not been a losing proposition for me. The HC sentiment and position question asks what MY position is, it does not ask what I think others should do. Like everyone, I'm bound to declare my position. I have no plans to sell any more, and may buy from time to time. I remain positive and not the least bit concerned about the company's welfare.
I doubt it will go below $2, but it has been as low as $1.17 in 2008. So it could happen. I would still be unfazed.
- Forums
- ASX - By Stock
- FMG
- When to panic..
When to panic.., page-6
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
|
|||||
Last
$21.86 |
Change
0.040(0.18%) |
Mkt cap ! $67.30B |
Open | High | Low | Value | Volume |
$22.18 | $22.18 | $21.69 | $119.2M | 5.445M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 14450 | $21.85 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.87 | 152 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 21.850 |
2 | 3705 | 21.820 |
1 | 25000 | 21.810 |
1 | 344 | 21.790 |
1 | 460 | 21.780 |
Price($) | Vol. | No. |
---|---|---|
21.870 | 152 | 1 |
21.880 | 57806 | 3 |
21.890 | 1964 | 4 |
21.900 | 34110 | 5 |
21.910 | 8756 | 1 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |