mrkhwd3: don't rely on others to make your decision have enough knowledge to be able to distinguish the spin from the facts...if you don't have enough experience and knowledge hang around stock specific thread that has issues is dangerous
all you get is pro stock guys and they are blind sided due to they have a holding in the stock and a human psychology of confirmation bias...you say anything negative they said you down ramp or name calling..for that reason I rarely say much but I do sometimes try to say something in a way that is not too negative but a wise person can pick it up and question it...
it takes time to build knowledge and experience but there is no rush with stock market, if you aren't sure don't touch and watch from the side line and learn... losing capital will cripple your return, its risk should not be taken lightly, you should first protect your capital, second make an adequate return not the other way around...
before the first trading halt you may not be in the position to spot a lot but since then there are a lot of red flags...a decent experience investor would stay the hell away since the trading halt doesn't matter what everyone do including big fund managers.
I used to hold FGE back in the early day during GFC when I pick them up under $1 but I sold out when it was $3 and never get involve again ..one of the reason I sold was I didn't trust the management I pick it up when they did the Clouch discount deal and shut out retail holders.
I have a set of ever evolving rules I made up over many years as I accumulate knowledge and experience, when one of those fire off, its time to re-evaluate and get out if required and a set of rules before I buy into the stock..
Don't think just because a fund buy in its' all good..you don't know them, you don't know their motives and sometimes its not even their money...its someone else money they play with...
ABC learning, after its trading halt and share price free fall, heaps of fund manager bought in including a offshore Singapore fund ...it went belly up shortly after...
As an investor you need to be able to identify risk and stay away and buy into opportunities....FGE was high risk, so was ABC learning and so was Centro etc...
good luck and keep learning, the day you stop is the day you make poor return ....
FGE Price at posting:
91.5¢ Sentiment: None Disclosure: Not Held