Today reminds me of why I’ve never quite taken the plunge with FMG as attractive as the yield can be at times.
It’s just too susceptible to these almighty one day plunges.
If you can time your entries and exits you can really clean up on a one dimensional cyclical stock like FMG but I just don’t trust myself ....prefer the more diversified BHP as my iron ore exposure (it’s only getting a ‘minor’ thrashing today!)
The Perils of the One Trick Pony
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Last
$18.60 |
Change
0.200(1.09%) |
Mkt cap ! $57.26B | |||
| Open | High | Low | Value | Volume |
| $18.40 | $18.68 | $18.34 | $157.0M | 8.476M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10105 | $18.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.60 | 17942 | 8 |
View Market Depth
| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |