Hi team,
absolute corker of a day, great to see Elizabeth Gaines continuing to understand the FMG business very well and the global market, and apply her stamp.
I remember the time I thought FMG at $7.27 was going into high $7,s even double digits. did not take profits (=$350k at the time ) and watched the share price go to $3.52, thinking it was a solid company and it would turn around soon, was stressful watching the falling knife, and nearly go into margin calls etc.
A wise man told me that the stock market was a facility for the transfer of funds between the impatient to the patient.
I agree with him in the majority of shares but with cyclical shares there is money to be made on the perception of how the stock is doing within the sector - Fear and Greed was my main challenge, and being a statue does not help you pull the sell trigger.
Dividends have helped pay a few debts which has been a bonus but nothing like sticking $180k in the bank after CGT.
I think circumstances are different this time around and am grateful for the large divi, with 130,000 shares, $39k in the pocket will be great, and franking credit a bonus on the tax front.
I am keeping an eye on the next two weeks, any sign of a pullback greater than $.50 cents and I am out, once bitten twice shy.
thought sharing my experience may help people know how the SP can turn pretty quick in the Iron Space.
I do think FMG have made a significantly positive statement today, but the men and women with billions can change this in a pull of a lever, and they do not give a stuff about the 130k share I own.
Wishing all of you on this thread the best success really enjoy and enjoy your input, and am hoping ( don't like using this word), that FMG goes $10 plus pre June 30th 2019.
Kind regards
MJAK
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Last
$21.26 |
Change
-0.450(2.07%) |
Mkt cap ! $65.45B |
Open | High | Low | Value | Volume |
$21.70 | $21.70 | $21.02 | $145.2M | 6.814M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9760 | $21.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.27 | 7866 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1000 | 21.250 |
4 | 12614 | 21.220 |
1 | 5000 | 21.210 |
1 | 132 | 21.190 |
2 | 37157 | 21.170 |
Price($) | Vol. | No. |
---|---|---|
21.270 | 2057 | 3 |
21.300 | 1000 | 1 |
21.320 | 13727 | 2 |
21.340 | 150 | 1 |
21.350 | 21030 | 5 |
Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
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