why is fgl falling?, page-4

Fosters clearly rallied on the back of the Demerger news. It was down 1.77% today compared with the broader market dropping 3%. I wouldnt be buying at these levels, however I still think that it is a good defensive stock within this market. As I have said many times, I have Sold Puts on Fosters each month, usually at a price of $5.25, good way to create some money in a sideways trading stock. All my positions expire in June, unless the price comes back or there are some new developments I'll be leaving it alone and looking for value elsewhere.