Zanzibar, what happened to FMG is unfortunate, but a good lesson for market-watchers to observe what happens when a stock gets way ahead of itself.
It's a jungle out there at the moment, lots of hungry bears prowling, and only the fit survive. The market has no time for pennydreadfuls and specs -- not that FMG is any longer in that catagory of course.
But with risk aversion still rife, looking for upside potential is one pre-condition, looking for safety is another.
Zanzibar, what happened to FMG is unfortunate, but a good lesson...
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Last
7,763.2 |
Change
-59.100(0.76%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,822.3 | 7,822.3 | 7,759.5 |
| XJO (ASX) Chart |