Look ken let me expand a little.
It is all to do with perception, and I don't have any hard facts to back this up but take this into account. BLY is now on the asx100 now ok? There are only six shares under $1 on this list and every one bar bly is a reit. Reits are still in the dumps for other reasons. MOF is the cheapest at .28, guess who is number 99?
You, like me use a little common sense and look a little deeper when investing, but that doesn't mean everybody does and that includes institutions.
I haven't got time to work out how many shares all of the asx100 each have on issue, but I would bet there are not more than 10 who have over 4bil to worry about. And those that do are in a different league anyway.
Liquidity is good, but I don't think it is doing us any favours lately.
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