I haven't bothered posting on FMG although I am long. But a few quick comments (while watching the tennis) to think about:
ispicer: I always have admitted that FMG is undervalued is essentially acknowledging you are undertaking a high risk trade - if a stock is legitimately undervalued it is very easy for SP to turn on a dime. Nothing wrong with that provided you understand the risks and can cope with losing whatever you are "investing".
Re whoever said your credibility here is shot to pieces I don't see why that is the case. A trade went against you. 99% of people have invested in a stock and lost money at some stage. 1% have lied. If you had your stop, which I understand you did, and stuck to it then hey, you stuck to your plan. IMO whether a long or short investor that is of primary importance: have a plan (with sound reasons behind it) and stick to it.
When I was younger (early 20s) I used to "trade". I thought I was a genius when I purchases WOW at $2.74 and sold for $3.20 or so. Same some time later when I purchases UGL for I think $1.07 and sold for $1.30 odd. The list could go on (will skip the more speculative losses!!). Anyway, one thing I did learn was it might not seem as exciting, but a good stock held is as good as gold.
But again, I don't buy and "set and forget". I regularly look at if their fundamentals are as solid now as then.
MJS
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Last
$17.34 |
Change
0.520(3.09%) |
Mkt cap ! $53.38B |
Open | High | Low | Value | Volume |
$17.31 | $17.51 | $17.00 | $309.6M | 17.18M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 300 | $17.33 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.35 | 28897 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 300 | 17.330 |
4 | 1452 | 17.310 |
5 | 4300 | 17.300 |
4 | 24092 | 17.290 |
7 | 149266 | 17.280 |
Price($) | Vol. | No. |
---|---|---|
17.350 | 28897 | 5 |
17.360 | 50 | 1 |
17.370 | 16348 | 3 |
17.380 | 1000 | 1 |
17.400 | 16248 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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FMG (ASX) Chart |