I'm sure that those large investment funds who are exiting SXY are long term investors with a long term vision for their shareholders.
Hence the day traders or short term traders are taking advantage of this weakness.If anything this should be a wake up call.
I think it was a similar situation a long time ago when BP sold out. It was all downhill from there.
ID really needs to pull a rabbit out of the hat.
Ann: Ceasing to be a substantial holder, page-30
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