Same here, only down $1400 but will wait for bottom then buy another 100k :)
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Agreed. Got out for a small profit, so all is well.
It seems most sellers today are those who expected sp sparking from china reg.announcement. I want to see this year final report before take any action.
Disc. HOLD
Why should the amount that someone trades matter? It's all relative to each person. It's like you're trying to claim that your d**k is bigger than everyone else's - get a life mate.
You seem to have something against traders. Maybe you are blaming them for losses that you have incurred in recent times? Everyone has their own way, and just because it's different to yours doesn't make it wrong. If you're a FA and in it for the long term then noise created by traders shouldn't be an issue.
IMHO when the seller is done this is going to go bananas. Maybe, just maybe, now IS the time to be stocking up as when they're finished it might be hard to get a decent amount at anywhere near these prices. Sure you might lose 10 cents as it keeps sliding but you might save 20 cents over what you'd have to buy in at on the way up. Maybe.
Disc) Prime ATM breeding bull with a whole forum of cows to get through
With over 40 million shares since AMP's May announcement it doesn't look like any of the big holders are selling down big.
In the time frame for this top 100(i posted just top 27 )the total vol of shares has dropped by measly 0.1%. So its not a big holder bailing out but small ones. Bearish retail investors that don't read share trader?:mellow:
Top 100 shareholders total 577,724,191 shares
Total ATM shares 660,666, 979 share
The 100thshareholder holds 188,550
There has been only a tiny movement from 27 to 100 ;negligible.
Yeah it doesn't stack up hence my thought has some one borrowed x amount of shares and is shorting them; artificially creating a down trend and at some stage will giviethe shares back and pocket the diff. Can shorting be done / is it allowed on the NZX?
I'll send my replies to the above to the after market lounge to avoid clogging the thread, see you at the bar.