QUOTE(virtualgay @ Jun 10 2009, 11:17 PM)
i also have no idea on why big players offload like nobody business..
i manage to secure a position in 13.10 which is a bit high i know..
anyway.. lets keep our finger cross so that it went up to RM14.50 and we can start to offload...
You need to understand how fund managers work.
When they have made a decision to sell because of downgrading, need for cash, poorer future expectation etc., they have target to sell the stocks until it clear off or hit its target disposing amount almost daily. That's why we always see price fall down dramatically in late afternoon and they will withdraw the unmatched selling Q to throw at buyers which resulted price goes down daily.
The trend is similar to Axreit previously from 1.50 -> 1.00.
It is same on the upside, you see KNM share up like no tomorrow and continously way from 40 cents to 1.00 when fund managers decided to add more into their portfolio.
That's why we always see a series of trend. When it is up, it will up trend for sometimes (with some minor pullback in between). Then people tend to make mistake to sell it early, as seen some gain, quickly sold off, but it keeps on going up. How many we heard people complain whenever they sold their share, it going up.
When it is down trend, it is going down almost daily (with some intermediate rebound but sink again afterwards).
And this time we heard a lot of people complain, whevenever I bought, it keeps going down.
Jun 10 2009, 12:28 PM
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