Who really knows, nobody can accurately pick the bottom (or top). I've checked my balls and don't have a crystal one.Would you say it's a buy now??
I very briefly follow FMG, I know it was ~$24 not so long ago.
I love buying against current sentiment.
Catch the falling knife!
Out of interest, why would you sell some & keep others of the same share ECX.... The reason to sell or keep should be the same.Today we sold some of our Eclipse shares which we bought at the wrong price ages ago. Made a modest profit after nursing a quite large loss for a couple of years. We have a pile of ECX in another account which we bought for about a dollar less. We like the current managers so we plan to keep the lower cost ones.
I bought a lot of FMG in the last few month 13-14 and will see where it takes me - it’s a long stock and div good…..FMGs 69% owned Iron Bridge Magnetite project has been a big drag with the project cost now forecast at about $3.5 B USD and they are hoping it will be running by December next year. It should be ok if the plant works.
They are expecting a 67% purity from this project which will be good if it is achieved.
Not ECX but I recently sold 50% of a holding when the price doubled.O
Out of interest, why would you sell some & keep others of the same share ECX.... The reason to sell or keep should be the same.
If you believe in the stock in regards to management or whatever, why sell some?
A profit is a profit and you won’t lose money taking it…ultimately we invest for a range of reasons not the least of which is storing cash which otherwise goes backwards if all kept in the bank (happy to buy the bank shares though)... and enjoy itNot ECX but I recently sold 50% of a holding when the price doubled.
My remaining holding has now cost me about zero and I have realised funds to put into something else I'm interested in.
Cromwell has been in a nice pattern for me to make some easy money. Hits $0.805 then a few days later hits $0.825. The a few days later $0.805 again. I've been in and out about 5 times over recent weeks following this same pattern. I realise it wont keep doing this, so when I 'get the timing wrong' I'm happy to hold this stock long term for the excellent dividend.We did get some Cromwell on Friday when they dropped at the close.
Agreed - changing CGT is a hard sell.Well we are surprised just how high Sydney residential real estate has gone swelled by low interest rates. $1.3 million average for some pretty ordinary places. Many think there will be a setback but no one really knows.
A change to the capital gains tax rate would change investors attitudes but no Government would stay in power if they did this.
We did get some Cromwell on Friday when they dropped at the close.