IAG 0.43% $6.96 insurance australia group limited

It seems IAG is a cyclical stock with huge market share. It...

  1. 93 Posts.
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    It seems IAG is a cyclical stock with huge market share. It seems a no brainer, that you buy when the SP is low (now or wait until it gets lower, and then just wait 2-4 years for it to go up, and then just sell when it matches historical highs. can double money over 3-4 years just based on the cycle?

    but i think it still will drop further. I will wait for it to test and retest lows.

    Any other thoughts on this cyclical investment approach? buy when investment return % is low and net preimum is low (earnings is low), then just wait for a good year. Its not like IAG is going to have too much of a drop in top line revenue. Insurance is always needed.
 
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$6.96
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$6.97 $6.99 $6.93 $31.96M 4.594M

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No. Vol. Price($)
1 22751 $6.96
 

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Price($) Vol. No.
$6.98 26448 4
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Last trade - 16.10pm 09/07/2024 (20 minute delay) ?
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