Hi all FMGers
What an amazing day. Had my sight for the last week on selling a small portion of my shares at $9.07. Have had them for a number of years and the family CFO ( my lovely wife), has been begging me to off load some in a de- risking scenario which I agree with.
last couple of days I have been in the fear and greed mod- fear I will not realise the $9.07 target price( I set )prior to 30th June and greed that the way it is travelling the FMG SP will easily
over stretch this.
i decided to hedge my bets, and reduced target price to $8.97. Knowing when it hit a high yesterday it dropped in the arse, to finish at $8.70.
i got picked up on 30,000 shares at $8.97 to then watch it go onto reach 8.98 and back to $8.95, ( was thinking I made the correct decision).
seeing it reach $9.10 I was happy and annoyed, that I did not stick to my original plan, but happy that at least I banked some well earned profits ( have been in FMG since 2011 experiencing all the ups and downs), and also happy the remaining share I own are going gang busters.
wanted to share this with you, as I know many probably have been in the same or similar situation.
my belief is that this share will go gang busters 1 July onwards, and the break through $9 is a significant event, on the way to $10 plus.
good luck all,
kind regards t
MJAK
Iron ore price, page-13652
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Last
$21.26 |
Change
-0.450(2.07%) |
Mkt cap ! $65.45B | |||
| Open | High | Low | Value | Volume |
| $21.70 | $21.70 | $21.02 | $145.2M | 6.814M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9760 | $21.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.27 | 7866 | 4 |
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| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |