FMG 1.90% $22.00 fortescue ltd

a question of free accumulation

  1. 318 Posts.
    lightbulb Created with Sketch. 40
    The swings in FMG's share price enable accumulation of free shares as follows:
    Bought 2000 @15 = 30000
    Sell 1500 @ 20 = 30000
    Result 500 free shares
    Repeat on next swing and keep accumulating.

    What do you think of this strategy?
 
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Last
$22.00
Change
0.410(1.90%)
Mkt cap ! $67.73B
Open High Low Value Volume
$21.93 $22.09 $21.58 $138.1M 6.316M

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No. Vol. Price($)
2 9247 $21.99
 

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Price($) Vol. No.
$22.00 3521 3
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Last trade - 16.10pm 11/07/2024 (20 minute delay) ?
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