Thanks for the sorry Average Joe,
My FMG shares are in my Super account that I set up some 9 months ago , I transferred the balance from Australian Retirement Fund when I closed it and set up my SMSF ( I am still in my Forties, so can't withdraw for 2o odd years ) which everyone seems to be doing.
Fmg, Bhp and Sto are my energy material stocks which I will hold forever and receive dividends from so the price today does not matter as I won't be selling any of them.
There must be others like me who won't sell and at what price is a bargain ?.
Of course some will say the company will shut down , I am not a believer of this.
Sellers/Shorters can have their fun and drop it to $1.00 ( It does not worry me as I am not leveraged and do not need to sell and have a 20 year time frame ) as i get dividends from other stock such as my Big Holding in The Reject Shop ( which is about to skyrocketed - IMO ) I will buy more FMG.
FMG Price at posting:
$1.65 Sentiment: Hold Disclosure: Held
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