its HIGHLY unlikely BT/Westpac are selling down. After the...

its HIGHLY unlikely BT/Westpac are selling down. After the significant investment they have made in the last 6 months, why on earth would they sell out so quickly. There have been no revisions to ERGs outlook, and nothing to imply that the valuation model that BT would have put together is no longer valid. Their average Buy price would be relatively good - probably back to even by now??? So unless they have found another investment and / or the fundamentals of ERG have changed, then consider the current trading as day traders/mum and dad investors.