Im no expert, but i beleieve when a stock enters the ASX 200 as ACX has done recently, it is likely that intitutions will start buying in to meet their investment mandates. In some cases they will 'lend / rent' the stock to short sellers... presumably to earn a tiny yeild on the investment. Perhaps this is part of the reason for the currentpullback ?
I'd love to know if anyone can expand on this teheme ?
Also #Prowiz you've not posted on ACX for a while. Are you still interested in the stock - has you fundamental view changed at all ?
ACX Price at posting:
$5.57 Sentiment: Buy Disclosure: Held
