The funds are just like every other investor mate. They make good calls , and bad calls. Have good timing and bad timing. And sometimes they have to sell no matter if its win or loss.
Some are bullish and are buying (acorn and taurus) , some are bearish and are selling (goodman and blackrock). Who is right?? only time will tell.
All of the above substantials have both internal and external reasons for buying and selling AMX. All have mandates that dictate when and how much to sell or buy. AMX only needed to trigger one parameter (like market cap breaching under$100mill perhaps) and its an automatic sell for them. They will clear their position with little regard for the paper value.
We see this everyday on the stock market as funds are constantly regigging their portfolios. Trimming underperformers, adding to winners, changing sectors, diversifying etc....
Run your own race. These funds are cold heartless beasts , containing individuals that are only worried about thier KPI's and yearly bonuses. These funds have been known to short the very companies they are holding (especially goodman ).
Good riddance to them.
AMX Price at posting:
43.5¢ Sentiment: LT Buy Disclosure: Held
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