Released on: September 24, 2008, 1:33 am

Press Release Author: Peter Brice

Industry: Financial

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

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