XAO 0.47% 8,700.0 all ordinaries

Short Term Trading Week Starting: 25 Feb, page-87

  1. 4,839 Posts.
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    Hi ammie

    FGO is not necessarily dead. It has now been driven down to trading at cash-backed levels. I will continue to watch it.

    I posted in the weekend thread a couple of weeks ago that I have changed my approach. I no longer buy into anything that doesn't have a sustainable level of earnings... if FGO reaches that point I will definitely revisit it.

    The old saying is... "the fastest way to lose money is to go into a business you know nothing about". I was very impressed by the blue sky possibilities of FGO. Over the last 12 months I learned a lot about AI. What I didn't know at the beginning is there are literally 100's of companies trying to crack that market. If I had researched more thoroughly at the beginning I wouldn't have gone as hard.
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