• T+3 have to sell to pay back their loan
• Daytraders are in and out of stocks all through the day - looking for quick wins and moving on
• Professionals are pushing parcels around to see if they can shake out weak hands
• Traders sell if they believe Short Term price has levelled out - chance to move into something moving up
• A new stock comes on to the market - just yesterday BUR, FCN announced new RTO's - causes people to reallocate
• Profit takers - sell a parcel to lock in some profits
Any and all of these sells can combine to incite a 'selling stampede' as other folks rush for the exits as a panic reaction - once people realise there is no fire in the cinema they all start buying back - you can be sure the professionals and smart long term holders enjoy sell-offs as they make excellent entry points
RYG Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
