farm buy, page-6

2.5c!
OMG
This is laughable, no effect from Rudd's resources tax,a project that is supposed to supply a squillion tonnes of coal all far advanced from the previous time the SP trawled these lows yet here we are.
Every shareholder and i mean everyone is underwater now.
There is no buying depth but historically this happens to this stock from time to time.
Many specs making 52 week lows across the board,mid range stocks getting hammered from real or perceived damage caused by Rudd's tax .
There is an absence of risk taking, but it is not showing as much in the ASX 100,so its a bear market by stealth.
I had sold FSE at 5.5 and 4.8c but dipped my toe back in in the high 3's.
One could say the current price is a bargain but they are running out of cash so they better get something happening soon.
Good luck to all