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13/12/17
15:30
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Originally posted by pocket-rocket
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I imagine many were planning to sell some before Christmas for a variety of personal finance reasons but held awaiting the monster. When the ann for Digicel announced, these SH thought is was monster but got disappointed on what is still a great announcement, idem for Ingram Micro; while brilliant the expectations were much higher. Also as already been said, the SH figured might be best to get 1 or 2 % by buying possible retailers stock before the Christmas shopping frenzy.
Also some of the recent CR will be sold. All these over a number of days make technical looks bad and technical traders join in.
IMHO as i am not too surprised by the selling until Monster is announced. On this note, could this be taking longer because BUD is negotiating minimum guarantees in the agreement. Otherwise it should not take too long.
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Exactly. Hold out until the new year. Too many decent announcements with more ahead. This can stabilise and head back where it belongs in a month or two imo.