Feet in a few camps is right. Be vague in advance, but be precise with hindsight, seems to be the trick here. The supposedly "spot on" calls in February referred to several dates, the latest one being October. It is true FMG cycles up and down, typical of resources stocks. If you are vague enough in your predictions, you can later claim to have been "spot on" for a price that falls at any time within that eight month period (February to October). But being right once in eight months is not really "spot on".
The other oft-repeated Tomboy claim which interests me is that the bottom will be "boringly obvious". I don't recall any Tomboy post which declares that this supposedly obvious event has happened. I look forward to reading a post saying "this is it, the TA shows that the bottom is here as of today. It's time to buy, BULL SEASON has started, it's boringly obvious."
FMG Technical Analysis, page-11289
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Last
$22.41 |
Change
-0.210(0.93%) |
Mkt cap ! $68.99B | |||
| Open | High | Low | Value | Volume |
| $22.36 | $22.61 | $22.30 | $82.59M | 3.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $22.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.42 | 11435 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |