I could understand if investors were taking PROFITS to move more money into cash. But taking LOSSES to move money into cash? Who would do this, unless you thought leaving your money in TRY would create further losses...?
We can be certain that, unless current sellers bought at $0.98-$1.00 recently (very few. I am amongst those purchasers), or bought prior to Jan. 2002, they are making a CAPITAL LOSS (excluding dividends TRY has paid along the way.)
So current sales are losses.
As such, sellers are either fearful of further losses in TRY, or they NEED to cash out.
Irrational or forced? Take your pick...
Either way, I am very confident that even 6 months will prove them very misguided.
TRY Price at posting:
97.0¢ Sentiment: ST Buy Disclosure: Held