This sort of downtalk has happened a number of times in the past year. In June 06 the funds were talking BHP down toward $18 when at $24 there was a sudden sharp turnaround and at $24 BHP put on $1 in half an hour and proceeded back to $28.
It HAS happened again. Thing is those who sell now are the ones likely to lose out in the recovery. The funds will once again start buying and make money.
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funds are about to change their stance
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