Press Release Summary: ‘First Prime Group’ – As stock markets plummet, many blue-chip stocks are now cheap.
Press Release Body: Asian-based asset management firm, First Prime Group is rumored to be acquiring blue chip stock as large investors sell them to raise capital to meet margin calls.
Sources close to First Prime Group said that the overwhelming majority of shares being dumped on the market are not related to the financial sector but hedge and pension funds need to raise cash to cover the unwinding of trades with Lehman Brothers.
Oil, technology and utilities companies have been the subject of sustained selling since news of Lehman Brothers Chapter 11 bankruptcy filings.
First Prime Group are thought to be expecting further turbulence if the US insurance giant, AIG, is the next casualty of the year-long credit crisis.
Web Site: http://http://www.firstprimegroup.net
Contact Details: news@financal-online.com
Financal Online MWB Liverpool Street, 55 Old Broad Street London England EC2M 1RX
2012
