you bought have the wrong stock. , page-6

Fang,

What Twiggy did was called spin. He did that with Anaconda Nickel in the early part of this decade (now called Minara). That's his style. Never believe anything unless it is official or you have seen it with your own eyes.

Rumours are always rife in markets. Buy the rumour, sell the fact. That's what happened to FMG.

If you are angry because you bought lots of stock on the back of that rumour, then I suggest if wind back some of your exposure so that it fits within your risk profile.

Read my earlier post on FMG. There will be pressure coming through from a higher AUD$, lower margins and pressure on iron ore pricing due to oversupply in global steel markets. FMG will require Chinese loans to help their expansion, instead of initially expecting to fund it through their cashflows.

In their defense, FMG does have good ground coverage in the Pilbara.

Happy investing.