FMG 5.31% $19.27 fortescue ltd

My av is about $14 or so.Last 4 years it gets past $26 or so...

  1. 3,958 Posts.
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    My av is about $14 or so.

    Last 4 years it gets past $26 or so then around April falls like a brick then rises from October.
    Go look at the thread sin here a year ago same tone.

    Half of the view that come next April when its around $28 sell half the shares and let it fall again.
    Then buy up around this time.

    Only one problem with this idea like I found out with SVW where it used to bounce between $4 and $12
    and back to $4 quite often and I was buying and selling back then too.

    Last time I sold SVW at $12 or so thought it would creep back but never did and now its near $40.

    So think I'll sell half my FMG around April 2025 and see what happens.

    Last edited by Nolan78: 04/09/24
 
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