Yes farmboy, I remember 1987. A lot of people lost money selling out in the panic, but a few made a lot buying some very cheap stocks. If you go back and look at an ASX 100 year chart, its just a little blip.
I'm thinking FMG was oversold yesterday, but that might be wishful thinking.
Little bit of silver lining, Oz $ down about 1c overnight, but that too, is probably only its reaction to the IO price drop.
FMG Price at posting:
$2.74 Sentiment: Hold Disclosure: Held
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