Ann: Change in substantial holding , page-7

Frankly this change in holdings means nothings.

Funds dont trade like retail investors (based on experience). They have strict algorithms which determine profit targets, stop losses and accumalation or otherwise prices.

This is a simple example of a price being reached where a fund decided to book some profits. It is a simple investment strategy which funds have to follow like clockwork. They dont attach themselves emotionally.

Im not reading too much into this - happens all day long.

EXAMPLE:
on 18th of October - National Nominees had sold off almost 2 million shares and their average sale price was about 39c ..

Since then we have had an almost straight line run up .. so these change in holdings dont really mean too much as long as its a fund.