FMG 1.67% $19.49 fortescue ltd

Can FMG survive?, page-17

  1. 4,904 Posts.
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    Hi Long,

    To be honest I do not think anyone can predict anything at the moment. I grabbed some BHP at $16.80 today around 25 k worth just on gut feel and to hold for a few years. I am sure there will be plenty that will tell me how wrong I am but sometimes you just have to back yourself, be it right or wrong. I have slightly more in FMG averaging a shade under $1.90

    So much speculation on who is right or who is wrong, some of it outright angry nasty and I told you so ! Anyone who buys shares wants to make money and takes the gamble, be it educated or not.

    The really smart money got out out around 2012 when iron ore was at a premium. I dare say just about every poster on hot copper has bought shares since then.But I am sure by saying that there will be posters out there that say they called it correctly because they like the sound of their own voice and authority.

    Good luck !
 
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