Hate to keep repeating myself but as mentioned before , buyers who got in early
( back earlier in the year ) would have done very well out of FMG.
The rosy glasses crew who thought it was a good idea to buy 6.50 + might be a bit concerned
now. The top up on the dips method only works when the SP is low - not when trading near
the tops. Trust me I tried this method when I was still learning and got burnt.
If your smart you buy any share low then get the hell out once it has peaked. FMG peaked
at 6.97 c - shorters made a killing holders not so.
The only reason I would be buying now is if the io price could hold above 80c & stay there which
is highly unlikely in the near term from my research.
Not advice just my opinion DYOR.
Take care everyone.
FMG Price at posting:
$6.00 Sentiment: Sell Disclosure: Not Held
(20min delay)