CER
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0.00% 32.0¢ centro retail group

30mil dump, page-38

  1. kacy
    11,665 Posts.
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    20/03/09
    17:22
    Post #: 4928080
    "Today is the last day CER is included in the ASX 200. Some instos had to sell, no matter what. Have a look at the volume of GPT as an example"

    "Explains the dump on TSO and GMG, and the big rises in FKP and PTN (up 90% today)."

    No, I don't believe they HAD to sell or HAD to buy just because it went in or out of an index. It is more likely "fund managers" are selling insto stock into "their" own private accounts at discount prices. Also, they are buying their own private stock at inflated prices. Why else would you be fund manager?
    CER Price at posting: 1.6¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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