the fact that you continue to hold and even buy when you recognize the possibility of going sub $ 2.00 , just amazes me
For a long time I have followed the mantra of hold gainers and sell losers. That way, your portfolio only contains gaining stocks. It goes against what feels good (ie. taking profits) but is a strategy that works well over a long period of time. It takes a lot of discipline to admit mistake and sell losers, most of my sales are actually of losing positions! But holding a portfolio of gainers is very sweet. Eg. I bought in to AHF just after it listed a few weeks ago, its not for sale. Up 65% and very well bid.
I have bought and sold FMG countless times over the last ten years, with a holding cost of way below zero. So holding or even buying on the way down has not been a losing proposition for me. The HC sentiment and position question asks what MY position is, it does not ask what I think others should do. Like everyone, I'm bound to declare my position. I have no plans to sell any more, and may buy from time to time. I remain positive and not the least bit concerned about the company's welfare.
I doubt it will go below $2, but it has been as low as $1.17 in 2008. So it could happen. I would still be unfazed.
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Last
$22.00 |
Change
0.410(1.90%) |
Mkt cap ! $67.73B |
Open | High | Low | Value | Volume |
$21.93 | $22.09 | $21.58 | $138.1M | 6.316M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9247 | $21.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$22.00 | 3521 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 5673 | 23.000 |
1 | 38 | 22.810 |
4 | 3672 | 22.690 |
1 | 53 | 22.600 |
1 | 251 | 22.530 |
Price($) | Vol. | No. |
---|---|---|
20.900 | 367 | 2 |
20.930 | 17 | 1 |
21.370 | 4493 | 6 |
21.530 | 3012 | 2 |
21.800 | 130 | 1 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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FMG (ASX) Chart |