All this panic about short term fluctuations in share price is beginning to bore me,,,, downward pressure atm can probably be attruted to the shorting of FMG (IO stocks dropping in sympathy!) When a hedge fund needs some quick cash (credit crunch) to cover another position they are in the hole in, a good way to get some(high risk readies) is to do the above.Unfortunately for them the piper WILL be paid, and you will no doubt see some of these wizz bang trading funds come very badly unstuck.
I have no ill feelings toward shorters as I consider it to be the Yang of long term holders!
regards
UMC Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
