senoj
I think it is a bit more than portfolio balancing. There are three big funds selling out of the agri sector in general. Short selling was really just a small player in the sp fall. The big sellers are selling in fairly aggressive way at times. I could be wrong but that is what it looks like.
The markets in general are going down due to China collapsing. More than just the markets are going to take a hit. The moratorium on funds selling in China finished last Thursday and they sold it down sharply.
The PBC stopped selling twice to save their market. When they allow the funds to sell off again it will plunge just as quickly again.
Markets are in correction mode. Im out of the markets and taking a wait and see approach.
ASX 200 down -73 to 4917 @1030 Sydney time.
Its all looking a bit scary at the moment.
senoj I think it is a bit more than portfolio balancing. There...
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