I have been buying all day today. Each time they fall, I buy some more. It has been a busy day as they have just kept falling.
What I think it is that is causing this is a fund manager such as Hunter Hall having to sell out. It is their sort of stock and I saw recently that their funds under management had fallen by 34% over the last 16 months due to redemptions and distributions. Recently they sold their whole 18 percent holding of Structural Systems which is another one of mine.
I imagine if the Bots know what shares Hunter Hall holds then they would be a tempting short sell. At STS their holding was held under the name of JP Morgan Nominees and I see that name appears twice in the top 20 for FPK although that is no guarantee that they are representing Hunter Hall this time. I see Hunter Hall (HHL) is down 6% itself today so the bots might be having a go at them and their holdings.
Does anyone know if Hunter Hall holds FKP shares?
Morning Star rates FKP as being worth $1.63.
GPASAS
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