Hi Onyx
From my experience with investing in the share market, you rarely make great gains if you are buying stocks that everybody loves.
ATM, MIN is trading at low 6's, and it seems everybody hates it. Not too long ago, everybody loved it and they were buying it in the $13's.
I even read reports from various brokers at the time spruiking $16's price targets.
My thoughts at $13+ was, this is ridiculous! My thoughts atm are still, this is ridiculous. But I am buying them.
IO prices are low at the moment. Whether they stay that low for a long time, or a short time, I don't know. I do know however that for the entire time I have walked this planet, countries have built sh!t out of steel. And my thoughts are that it will continue.
My advice, have an idea what you think a stock is worth, buy it for less than that with an appropriate margin of safety, and don't think short term.
Hi OnyxFrom my experience with investing in the share market,...
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Last
$35.12 |
Change
4.830(16.0%) |
Mkt cap ! $6.901B | |||
| Open | High | Low | Value | Volume |
| $32.30 | $36.98 | $32.30 | $178.6M | 5.048M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 697 | $35.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.12 | 13914 | 1 |
View Market Depth
| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| MIN (ASX) Chart |