There are many investment styles in the sharemarket. Some long term holders other are shorter. Some are shorters depending on the cycle and specific stock sentiment. In the end we are here to make $$. Whether you make $10k in 10mins or 10 months, it's all about risk and what type of investor you are. Prior to GFC I was a medium term holder but changed my strategy to very short term. I'd rather make money over a short period rather than holding out as the market now is very different to pre GFC.
Looks like FGE will gap up on Monday based on SPI up ~38 points. Also IG Markets is not allowing shorts thus shorters cannot short this even if it go into overbought or buyers exhaustion territory. IMO this stock should have a few good days as traders buy into potential good news of buy out and sell on good news.
Cheers pcyc
FGE Price at posting:
82.0¢ Sentiment: Buy Disclosure: Not Held
