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3.89% $80.96 blackmores limited

Sell at a loss: Blackmores, page-27

  1. michaelhp
    658 Posts.
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    07/06/17
    13:15
    Post #: 25148715
    it doesnt work like that. Funds dont sell down aggressively for 4 days to 'buy it cheaper' on the way up. That is absurd conspiracy theory.

    This is funds rotating out of the stock. Momentum traders jump on with them and the trend continues. Once it bounces the momentum traders 'cover' and then momentum goes to the upside.
    BKL Price at posting: $89.17 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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