maybe they are. anyway the bounce was from an oversold level that has now worked off and the death cross :scared: is still in play
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Don't think that it's a sell off due to an unexpected event. Firstly under continuous disclosure requirements, the market would have to be notified and also, could stink of insider trading. Either way shareholders would be in revolt. I think its to do with a reweighting in the industry classification. Fund managers don't make quick decisions. And percentage holdings in various industries are hard to change in a hurry. Arvida inflows must come from other industry investments and Oceania is a good one to sell down because it also shows a good profit for their fund.
Maybe so but its official I am now a grumpy Beagle. I am tired of watching this beached whale lie on the beach doing nothing. Not sure how much more patience I have with this thing.
Wait till the results to see if it moves ...otherwise out it goes ...No one likes sluggish stock in portfolio eating away opportunity costs !!!