MOY - Argonaut say buy, page-6

Here's a straightforward paragraph from a straightforward article about the issues associated with index fund buying and selling:
http://www.minyanville.com/trading-...nvesting-Has-a-Major-Flaw/12/26/2013/id/53039

Passively managed index funds are hailed as a great and inexpensive way for investors to get positive returns over a long time horizon. Multiple studies show that for regular folks, holding index funds is a far better strategy than trying to beat the market. But these funds break the first rule of investing: When new stocks are added to an index, or when stocks are removed, the funds essentially buy high and sell low. They have no choice.

Your comment that you "...doubt it is Index selling and more so looks like profit taking or tax loss selling" is only half correct. You are correct that tax selling or profit taking may be a factor, but your mere doubt does not detract from the obvious - MOY was removed from the All Ords and each index fund has particular requirements about the timeframes required to offload the stock. It will come to an end soon and we'll all be happy with our cheap shares.

The funniest part is that by the time of the actual rebalancing of the All Ords, MOY had a higher MCAP than some of the stocks that replaced it. It was an unfortunate timing for MOY which had come off lows of 15 cents or thereabouts in the lead up to the rebalance.