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clock Created with Sketch. 11/05/21
15:29
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Originally posted by Ryzie
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My view on this is that fund managers are looking to capture the increase seen by value plays that have been oversold during the pandemic. Their role is to create the best return on investment for their respective company or clients. Given the enormous run that we've just seen in growth stocks fueled by ecommerce, it's smart for them to take profits and some may not want to sell but investments are and should be managed by rules, and these rules are in place to ensure those big returns. Once a rule is triggered the sell has to happen. The rule could be a price target or a macro factor but once triggered the predetermined action of selling or buying occurs.
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Ryzie, good post. The rise from 28 to 85 was spectacular and sudden and so was the $50m CR. I am now of the opinion they are all possibly connected. The CR boys would have sold as the around the .6 mark.
(20min delay)