FMG 1.62% $21.92 fortescue ltd

Cant criticize someone for sticking to a plan or trade/invest...

  1. 1,073 Posts.
    Cant criticize someone for sticking to a plan or trade/invest differently than yourself.

    Plenty of threads scattered around HC where board members said 'hang in there' and had a detrimental effect on shareholders.

    Not saying/implying FMG is the same but having unbridled optimism isnt the answer either imo. Self responsibility, risk management and having a 'plan' is the key to long term success and could argue Forrest himself reflects a couple of these attributes himself.

    6 bucks is still a major hurdle, lets see how price reacts around that level. For a med term bullish stance would like to see it break then retested and act as support before taking off again and resuming the uptrend from the sideways/consolidation/boxing action we are currently in.

    Safe trading all

    Peace

    Karl



 
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