FMG - Fortescue Ltd

[divs4ever]

All good if we were in a stable environment. Given what we already know, is it too risky to make an attempt in the hope that we can make a few bucks? Is it worth the gamble now?

well Twiggy has got the company this far ..

BUT would i bet the house on FMG .... NO

am being very careful because there are big moves happening totally outside of management control

but nibble here and there FMG is better run than some

 

[Value Collector]

yeah it is a bit of a blurr maybe it was just right after covid, there was a moment it touched 14 then rebounded pretty quick.. ohh seems like its done a slight bounce now

06/10/21 was the date found it in my trade history, yeah after peak covid

Yeah that was the brief crash when Scott Morrison was stirring the pot with China requesting a investigation into Covid and announced the submarines deal, and China was banning some of our exports.

The actual Covid crash was 18 months before all that.

 

[IFocus]

All good if we were in a stable environment. Given what we already know, is it too risky to make an attempt in the hope that we can make a few bucks? Is it worth the gamble now?

Depends what time line you are looking at my own outlook is 5 years plus for buying during market crashes.

 

[againsthegrain]

Yeah that was the brief crash when Scott Morrison was stirring the pot with China requesting a investigation into Covid and announced the submarines deal, and China was banning some of our exports.

The actual Covid crash was 18 months before all that.

Good memory, much better then mine

 

[Country Lad]

Depends what time line you are looking at my own outlook is 5 years plus for buying during market crashes.

Indeed. The actions taken should e dictated by the time frame. In my case, I was happy to unload all my trading (playing) shares on April 1 on the basis that Trumps actions and the reactions by other nations were likely to sink the market. I have always been a strong advocate of selling when stops are hit and happy to buy back if the stop was too early.

On the other hand, all the long term holdings, most bought around 20-30years ago for dividends needed more thought.

During past falls/collapses, I was happy to hang on and be patient for them to recover and increase more. At my age, and the fact we want to continue travelling while we can, I don’t really want to (or have the time to) wait, possibly years, for them to recover, so I have also parted company with some of the very long term ones.

If I was say 10 years younger, the decision would no doubt be to wait it out with the long termers

 

[eskys]

Depends what time line you are looking at my own outlook is 5 years plus for buying during market crashes.

My apologies for the late reply. Left for lunch after the graph turned south and didn't come back till after dinner.

My question was unclear. I thought there might be more pain in the next few days and was asking if it's time to get in now. Stocks will be cheaper later (that was what I was thinking at the time) (I've been wrong on many an occasion, so don't listen to me. I'd feel terrible if I'm the cause of someone's misfortune) Good luck, everyone.

 

[divs4ever]

My apologies for the late reply. Left for lunch after the graph turned south and didn't come back till after dinner.

My question was unclear. I thought there might be more pain in the next few days and was asking if it's time to get in now. Stocks will be cheaper later (that was what I was thinking at the time) (I've been wrong on many an occasion, so don't listen to me. I'd feel terrible if I'm the cause of someone's misfortune) Good luck, everyone.

three public holidays this month so some short trading weeks

pain , temptation. pain , temptation and i suspect it will be like that until after the Federal election in May ( is there a Federal budget before that , i think there is )

good for you if you can pick bottoms i just go for 'good prices ' and buy some more if the 'good price ' becomes a ' GREAT price '

however @Country Lad 's post above makes a lot of sense for someone my age/health status

div. income or cash in the bank ... cash in the bank or div. income ( which is likely to shrink in the mid term )

i will probably take the risk of keeping mostly invested and plan for the worst i can imagine ( cherry-picking among the carnage )

 

[IFocus]

My apologies for the late reply. Left for lunch after the graph turned south and didn't come back till after dinner.

My question was unclear. I thought there might be more pain in the next few days and was asking if it's time to get in now. Stocks will be cheaper later (that was what I was thinking at the time) (I've been wrong on many an occasion, so don't listen to me. I'd feel terrible if I'm the cause of someone's misfortune) Good luck, everyone.

Looking at levels in the XJO 6800 and 6400 ish are worth watching to see what price does but should see consolidation before hand then look to see if we bleed lower.

 

[eskys]

We're now at 7375, so that's a considerable way to go yet @IFocus. With the new counter 'offer' tonight, we'll probably get there sooner.

It makes sense to be invested, @divs4ever. Picking the right time for entry is crucial if we don't want to be in a long race.

Goodnight everyone.

 

[divs4ever]

We're now at 7375, so that's a considerable way to go yet @IFocus. With the new counter 'offer' tonight, we'll probably get there sooner.

It makes sense to be invested, @divs4ever. Picking the right time for entry is crucial if we don't want to be in a long race.

Goodnight everyone.

good night early data ( in the US) looks uncertain , except oil is below $60

that may hit our oil producers tomorrow