Whether you sell or hold depends on your personal risk management. eg: where your Trailing Stop maybe set; or your initial/average entry point.
Primary trend for AIO is down and no evidence of this trend changing. Avoid buying based on rumours of takeovers, or asset sales etc. These issues are market 'noise' only; focus on the underlying trends. (imo only)
Secondary up trends in this bear market are opportunities to take profits, not to buy on rumours of CBA increasing their holdings etc. (I acknowledge however that everyone has different reasons for buying and selling)
Buying momentum has fallen away over last few days and Short Selling (AIO not alone there) has increased (Wed 13% of traded volume, Thurs 20%). This action is a minor concern in the ST.
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