Just as the previous poster Fat Bloater mentioned, all the mining services are also on my watch list - about 12 of them all mid-large caps. They're hot in the short list back in Feb and May this year. Now most of the easy $$ has been made and bad news announced in May, the current full year result only confirmed what's been known.
Base on previous GFC an FMG stock can dive from $10 to $1 (ie.90% loss) so I've changed my strategy to hold very short timeframe. Many ppl got burnt during GFC.
Don't care if it gaps up or down, or even future earnings.
Just as the previous poster Fat Bloater mentioned, all the...
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