FMG 1.20% $21.41 fortescue ltd

Go back to 2007 and that mining tax then the big crash and FMG...

  1. 3,279 Posts.
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    Go back to 2007 and that mining tax then the big crash and FMG fell to $1.13
    The next year there was 3 dividends. They did a bonus dividend and the total of divs for that next year was $1.13
    So those that bought at $1.13 got their money back in full the next year plus added franking credits.

    I cleared everything Jan of 2020 due to a virus I heard about and the science was saying it would be devastating on
    markets so I bailed on every stock I had.

    FMG fell to $8.20 then started to rise and I bought back in at just over $9 a share and the divs since then have nearly
    paid for what I bought the shares for again.

    The best time to buy is in massive market crashes where it drops for about 3 months before it levels out and bargain
    hunters return.

    I see another major crash next year. Trump gets back in and markets may go up a bit like last time he won before
    crashing backwards. Biden wins then dies of old age or heart attack and markets go crazy with a correction which
    may lead to a crash.
 
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Last
$21.41
Change
-0.260(1.20%)
Mkt cap ! $65.92B
Open High Low Value Volume
$21.52 $21.67 $21.30 $150.5M 7.000M

Buyers (Bids)

No. Vol. Price($)
1 93 $21.40
 

Sellers (Offers)

Price($) Vol. No.
$21.41 12657 3
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