twiggy falls 49,800 short of target , page-16

A short term general market correction (the one the experts have been saying we had to have!) does not affect the long term potential of a company like FMG.

We've seen a tremendous recovery to return towards sensible value since March but despite the hoopla it hasnt been a straight line upwards, there have been dips along the way - and every time the doomsayers come out of the woodwork and claim the end of the world is nigh! Dips i April, May, the end of June and the end of September all came with plenty of people jumping on board and saying "watch out, watch out", only to hear them a few weeks later saying how we should have "bought the dips"!

Let's not forget, this is not the GFC, we are not at the brink, it is most probably the correction we "had to have", or simply another "dip" that we should be buying into, to see market prices adjusted somewhat so the big boys who've missed out on the rally can get their money in (which is what this is probably all really about) and then we can put this "necessary correction" behind us and get on with focusing on a recovering economy.

So yes FMG's price may drop for a short time, but its in the same company as BHP, CBA and some of our other most solid stocks, and then they will complete their correction and return to the path of recovery.

Cheers all, Sharks.