Gun to my head; I'd say they see better "opportunities" elsewhere in the market. Some stocks have declined up to 80% over the past month, some fairly, some perhaps not.
If one is expecting a recovery in those sorts of stocks, and the broader market, it wouldn't be a horrible idea to take money out of a defensive stock like Coles (which won't have huge short term SP appreciation) and try and shop around looking for value.
Ann: Sale by Wesfarmers of 5.2 per cent of Coles Group, page-7
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Last
$19.05 |
Change
0.160(0.85%) |
Mkt cap ! $25.49B | |||
| Open | High | Low | Value | Volume |
| $18.96 | $19.07 | $18.92 | $24.49M | 1.289M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 2690 | $19.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.06 | 6917 | 14 |
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| Last trade - 15.26pm 12/09/2024 (20 minute delay) ? |
| COL (ASX) Chart |