Article: NSW: Short-selling against FMG sends stock plummeting


AAP General News (Australia)
08-04-2008
NSW: Short-selling against FMG sends stock plummeting

SYDNEY, Aug 4 AAP - Iron ore tycoon Andrew Forrest's paper fortune has slumped by more
than 37 per cent in the past month in response to a short-selling blitz by international
hedge funds against his Fortescue Metals Group.

The Group's broker sent clients a clear indication of why stocks have fallen: "FMG
shares have been subject to an aggressive and co-ordinated shorting campaign from a high
of $13.15," The Australian newspaper reports.

Stock struck a low of $7.91 last Tuesday but had climbed back ...

Related newspaper, magazine, and journal articles:

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!