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$21.86 fortescue ltd

Anything but easy and I don't short. Noticed 4th March was...

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29,775 Posts.

1453

07/03/19

21:01

Post #: 37691121
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Originally posted by slange ↑

Yeah the timing to buy and sell can be difficult but when its done incrementally then you have more control.
If a share price is in an uptrend it can be bought but when it becomes technically overbought then it is prudent (most of the time) to take some money off the table to secure profits.
But the real trick in an uptrend is to remain exposed to higher prices incrementally less as it becomes more overbought.
When it turns lower as it always will you can either sell out or begin to accumulate depending on how you view the scenario.
Another scenario is to short the stock while you still hold it meaning that you are a long term holder thinking prices are going higher but lower in the short term.
You then short for the short term while continuing to hold for the longer term.
It also gives you a bit of protection if the reversal against you is bigger than anticipated and if the reversal doesn't add up to much then you can cover the short.
Sounds easy, but its anything but.

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Anything but easy and I don't short.
Noticed 4th March was Labour Day in WA and holidays in Vic., Tas and ACT on Monday 11th March.
If the market is open we may see volume reduced.

FMG Price at posting: $6.60 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $21.86		Change 0.040(0.18%)		Mkt cap ! $67.30B

Open	High	Low	Value	Volume
$22.18	$22.18	$21.69	$119.2M	5.445M

Buyers (Bids)

No.	Vol.	Price($)
3	14450	$21.85

Sellers (Offers)

Price($)	Vol.	No.
$21.87	152	1

View Market Depth

No.	Vol.	Price($)
3	9527	22.950
1	10000	22.930
1	123	22.600
1	6	22.500
1	178	22.450

Price($)	Vol.	No.
20.500	1000	1
20.770	2313	1
21.300	363	3
21.600	6500	3
21.700	5000	1

Last trade - 16.10pm 09/07/2024 (20 minute delay)

FMG (ASX) Chart