FMG 0.00% $17.01 fortescue ltd

commodities, interesting read, page-35

  1. 3,702 Posts.
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    My point is in response to comments like this:

    'Don't be ludicrous. What would you say about the consensus that was bullish at $12. I would say they made a mistake.'

    Does the fact that people bought CBH at 60c make it not worth buying now? I don't know CBH but I would say that is no reason to write it off, just like the $12 FMG hit.

    Each of these companies may be worth a lot more than these record highs one day.

    I do agree, if you follow the consensus, you may not be doing any homework, and if you dont do any homework, you generally lose, as I have experienced myself.



 
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