re: get your money out now!! arhithi I guess the breaking news...

re: get your money out now!! arhithi I guess the breaking news was the report UBS put on wednesday "UBS Warburg had circulated a statement to sections of the
market, both in Australia and overseas, to the effect that one of the
Company's bankers had withdrawn its support to the Company"
Most rumours stem from a true source especially if they are circulated by a co of that size to the markets here and overseas.
If you can understand their hedging policy then your a better man than me but from what i understand from their last quarterly the hedge book was 800+ mill in the red when gold was 340 odd...prolly worse now(gold 357 atm).

Was very heavy selling all day today and especially on the last hour,check course of trades,somebody wants out fast.Its quite obvious by size of buyers they are online whilst the instos are dumping.

You know what they say ,trend is your friend....dont try and catch a falling knife and a man who picks bottom ends up with smelly finger.

Be careful with this dog!