MGX 4.48% 35.0¢ mount gibson iron limited

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

  1. 20,409 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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Last
35.0¢
Change
0.015(4.48%)
Mkt cap ! $426.4M
Open High Low Value Volume
33.5¢ 35.5¢ 33.5¢ $446.5K 1.292M

Buyers (Bids)

No. Vol. Price($)
1 150000 34.5¢
 

Sellers (Offers)

Price($) Vol. No.
35.0¢ 6595 1
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Last trade - 16.10pm 06/08/2024 (20 minute delay) ?
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