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mario128

903 Posts.

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25/01/22

13:02

Post #: 59117339
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Originally posted by Red Baron: ↑

Aust market down 3% as I type, US futures down 1%.

The Aust market didn't go up over the last few years any where near as much as the US market did. We've already a fair bit down and as usual the small caps get harder hit.

In context FFX is down 25-35% from it's highs as are many other of our peers.
We've been harder hit because of the Mali political situation, which seems to be sorting itself out - surprise surprise

The markets tend to always over correct, a bit like buy the rumour sell the news.

We've been in a bull market for a while now, even in a bull market some stocks still go down as most would have witnessed. I'm not saying we're going into a bear market, even if we do, even though a lot of stocks will go down, many will go up. The ones that'll go up are the ones with solid foundations and not too much hype.

We're a well run company, kicking goals with a well laid out future, a very profitable future. Those buyers out there atm want you to panic & sell cheaply. If you believe in the company & it's fundamentals, then it's a no brainer really.

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Greta point. And a big issue is many people hear bad news and sell asap. Watching many USA stocks last night one of mine dropped 13% only to close down 1%. How stupid would I of looked if sold then.

my bigger query is why the buy side has dried up compared to other shares.

FFX Price at posting: 67.0¢ Sentiment: Buy Disclosure: Held
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