investment strategies for newbies, page-2

Here's an example. FMG was in the mid 30s at the time. No. Not mid 30s in dollar terms. It was below 40 cents at the time of this post.

Note the last line of the post. An investment in FMG which was then one of the bargains of a lifetime was considered "dangerous unless you are a day trader with tight stops."

re: what's the story? (BSA)
Code: FMG - FORTESCUE METALS GROUP LTD (
Post: 284375 Reply to: #284366 from Tom924
Posted: 03/05/04 13:25 Sentiment: None Disclosure: No Stock Held From: 203.221.xxx.xxx

Hi Tom,

FMG looks very much the same as most of the small to mid cap metal companies that have been spanked down with metal prices diving.

Sentiment in the sector has been well and truely shaken, there are many bargains out there, which may or may not become cheaper. Would need some kind of consolidation pattern to develop for my liking, otherwise you are just trying to pick the bottom,....dangerous unless you are a day trader with tight stops.

Cheers