holding very well....., page-12

UMC has taken a battering but I feel sorry for everyone who's losing in this crappy market.
Large hedge funds have been going short on resource over the last 3-4 weeks but there comes a time when these funds doing the bulk of the short selling start buying back the shares they borrowed and sold.
If you have spare money there are plenty of good buys the problem is knowing when to get in.
How low can the likes of FMG, BHP, RIO etc go.
Look at AGO I sold out at $3.32 to top up on FMS and hated doing so as I bought in around $3.50 plus.
They are now $2.20 and look like an absolute bargain.
Do I now sell FMS to buy AGO, LOL
I'll hold as FMS has such a huge upside if things turn out the way we hope.
Also I heard on the sky business channel the other night that BHP could go as low as $25 so some think this short selling will continue for some time yet.
FMS should hold up as a positive announcement can happen any day now.