MGX 0.00% 40.5¢ mount gibson iron limited

Hi Telamelo Some of the best calls I have made is when the...

  1. 20,366 Posts.
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    Hi Telamelo
    Some of the best calls I have made is when the technicals are weak. If you believe in your FA , then sometimes waiting for TA to improve and give you buy signal means you left a big % of return on the table . I will show your for illustrative pursposes only .
    I have a 100k to invest and I can buy now or wait for TA to confirm trend change and buy .
    let’s assume I don’t wait and buy now. I would buy 208333 shares
    Investor B waits for TA buy confirmation and buys at 57 ( making it up ) they buy 175438

    now both investor A and B are correct that MGX was undervalued and it steadily trades up to 1 dollar

    investor A makes 108% vs investor B who makes 75% They likelihood is return will be even greater as investor A will also get higher dividend income .

    so my point is waiting for charts to trigger a buy sometime results in a poorer return outcome as all you are waiting for is the valuation gap to narrow.

    I am assuming one possesses skills to make a strong FA call

 
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40.5¢
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Mkt cap ! $492.0M
Open High Low Value Volume
40.5¢ 40.8¢ 39.5¢ $653.8K 1.630M

Buyers (Bids)

No. Vol. Price($)
11 194610 40.0¢
 

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Price($) Vol. No.
40.5¢ 82530 4
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Last trade - 16.10pm 25/06/2024 (20 minute delay) ?
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