hammered, page-3

Seems to be heavy selling of anything linked to iron ore and resources, I believe the demand for resources will continue to be there however.

FGE is in good shape as you say, no debt, strong order book and good management record. I am tipping a very strong half year result and good outlook. I also think FGE can do well even when less work is around but of course this tightens margins. Agree it is good buying at these levels but in this market no doubt it could be lower tomorrow.... So much fear in Europe again. China however looks pretty good to me. Remember we saw all of this in 2008 and last year and people thought there would be no work yet 2 months ago analysts were saying demand is so strong there are no workers to do the jobs. I think we will be ok.

As for technicals I don't bother when stocks are sold down savagely on sentiment risk off sell downs. Would be good to hold above $5 but again that will be decided by overseas market moves to a large extent.