Day traders' weekend lounge March 5 - 7, page-39

Dumped a few specs earlier in the week, just holding 6, all red.
Put 25% of my PF into FMG Tuesday at average 22.24. Did some FA for the first time and believe this company is under valued and currently oversold. Has been a rollercoaster ride these few days.
Tired/burnt out with TA atm and things just aren't working so staying conservative these days. Besides, looks like FMG will provide more than enough excitement. Have enough to be able to trade it but from past history will be better off holding with a generous s/l. The only way I see it getting hit is with a general market selloff or the Chinese suddenly stop buying Fe. Have plenty of room for it to move before it hits that important 2% rule.
Remember once owning 5000 shares so did some checking; was back in 2009 when working in the Pilbara and my average was 1.98. If only.......
Enjoy your weekend all.