Hi Mozart
I sold FMS on Friday close, 40% gain in a few days will do me, I tend not to stay in long when traders dominate a stock that has 1.2 billion shares on issue (usually doesn't fit my "long" investment plays)
It just shows how undervalued BRM is at these levels when compared to FMS.
No offence to FMS, but at best I thought the 1 billion JORC or thereabouts was probably worth 12 cents to the SP, however it is not to say it can't or won't go higher.
Another reason for the sell was the DOW was looking like giving a fair bit back and if they don't hit a billion (after all the trading hype on HC), then the traders are going to exit quite quickly.
In addition i have my share my iron ore plays, AGO, BRM, POL.
I have now off loaded all my trading stock on BRM, but i have been adding some BRM below $1.25 for my SMSF.
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