I hold FDL ords and I think there will be an opportunity to buy more under 10cents. This is there is still another correction coming from the US - 10 to 30 days away.
This is because:
The subprime is now going to affect housing until Christmas
Australia are having some mortgages going into default and another rate rise will increase this rate
Banks in US and Aust (and elsewhere)are feeling the pinch
Oil and gold will rebound
US dollar still going down - another US interest rate decrease and aussie rate rise will compound this factor.
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