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
$17.15 |
Change
-0.040(0.23%) |
Mkt cap ! $23.00B | |||
| Open | High | Low | Value | Volume |
| $17.11 | $17.22 | $17.10 | $7.323M | 427.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 3962 | $17.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.16 | 1847 | 8 |
View Market Depth
| Last trade - 11.58am 26/06/2024 (20 minute delay) ? |
| COL (ASX) Chart |