Accumulation at its finest

just looking at the newest top 20 from 2 days ago and comparing it with the top 20 from June
last year...Surprise, surprise mister Smoking....the only changes in the newest top 20 are,
HSBC, the largest holder, added another 1 million shares, Citicorp added 0.5 million. The Canadian
register added 6 million and new in the top 20, with nearly 6 million shares is Macquary Bank.
The only one who sold 3 million shares is J.P Morgan.
So...all up, the top 20 mainly added to their holdings, apart of J.P Morgan. What that means, is
that nearly all the selling is smaller retail, no institutional selling, how Smoking reckons.
We got fooled by big institutional algorithmic Bot trading and the reality is, that the big boys are
accumulating at this low prices and the most retailers are panicking.
no Panic on the Titanic....its different than it looks.
Buy and hold for me