- DB is now purchasing most of shares up to 63M after the last...

  1. 55 Posts.
    - DB is now purchasing most of shares up to 63M after the last buy of 8M shares.

    - UBS has hold 42M shares

    - Mathews Capital holding 47M

    - Just before Gunns revised earning guidance, Bank of America bought 41M.

    Although I don't know what the cost basis individual bought at, I just concern the total amount of shares these big guys holding. They do not seem to run a 'buy and sell'approach otherwise DB would not increase their holding vol. As DB, UBS and Mathews Capital bought shares after Gunns had announced that positive earning guidance, personally believe that they would not sell their shares quickly - beacuse they should have bought shares before positive news pop up if they just want to gain short-term profit which would have made them huge profit compared to buying/increasing shares after all those positive news announced then sell.

    Therefore, I believe they are not aiming for short-term trading which suggests that there must be something worthy to hold more shares of this company for them. I alwasy beleive those big guys have more power than our small investors and likely make better decision than us as they know something slightly 'inside' of course not the whole picture. Especially DB's recent move- increase 8M share holding after strong sp climb to total of 63M. Without confidence, it would not take this agressive move. Or you could guess there is someone behind this fund and trying to takeover this company- which has been talked for many times. This guess just come back to my mind after saw this new annoucement of DB.

    See the sp climbs higher at the openning and starts declining, I am more convinced that someone has accumulated again and tried to scare some investors who have already 'gain enough'-but, I am still looking forward to more $ to come into my pocket.

    Without any external help, this company can still announce strong and positive profit after financial year - that is fair enough for me to hold this share for much longer period.

    Welcome any thoughts, mates.
 
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