bought my first fortescue load today, page-84

Rifici,

My commiserations and sympathy but don't think you are alone in having been burnt. Most of us have been. I bought some stocks to take adavantage of the "bounce" and was burnt too.

I have sold out of most of these at a nasty loss today but feel it is safer to cut my losses and preserve what capital I have left as you have. Looks ugly out there.

Down 9% now. Ouch.

Could go lower with the 4 major Chinese steel mills announcing decreaased production even if only a small amount.

Thank your lucky stars you are not in Ferraus - down about 35% in two days.