FXR 0.00% 0.2¢ fox resources limited

dma, I don't like loosing money either, but don't feel quite so...

  1. 3,548 Posts.
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    dma, I don't like loosing money either, but don't feel quite so bad today when I see the mining index down 5.1% and Fox down 3%.
    There's a lot of blood spilt over the floor the last few days so hopefully we may get a small breath of fresh air soon. the AllOrds was down 3%....a reasonable drop in one day.Somebody mentioned 10% correction the other day to me so we must be pretty close to that now.
    Just hope this doesn't frighten too many people away from the mining sector otherwise we will have to wait a bit longer to get our money back.I was talking to a company director when I was in Melbourne a couple of weeks ago and He said the general world economy was going quite well and it could take a month or so for things to settle down, but he wasn't expecting anything to major to happen.Apart from the Loans problem in the USA he said the economy was still growing.
    All the best Dabru
 
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