why this great blue chip coca cola in the red, page-3

look im baffled a lil too, but my guess would be

1) its seen as defensive in these times , so up till recently it hasnt been destroyed like the rest of the market; Now that sentiment has gotten a tiny bit better, ppl switching out of defense and more into offense to make some dosh on this rally

2) Commodity price increases; a tiny change in sentiment on this front too; governments look like theyre saying "we're willing to bail banks out no matter what"; so this has boded well for commodities too. Then again AUD gone up a tad too .

3)People/funds made money on this whilst everything else collpsed, so if sentiment gets a little brighter, theyll sell some of this off and trade in riskier assets for short term gain. But if credit crisis gets worse, ppl will hopefully pump back in again.

Have a look at WOW, MTS, FGL, LNN, even TRS as they are all defensives IMO.

Coke got a good result in august , so we held up well due to this and due to our defensive nature in recessionary times.

Solid solid stock in this market!

Im gonna buy more if it dips more, coz negative sentiment will come back quick again to the market soon