MCW 0.85% 58.5¢ macquarie countrywide trust

When there is a distressed seller, the brokers deliberately cap...

  1. 17,111 Posts.
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    When there is a distressed seller, the brokers deliberately cap and slam it down hard for the crosses. I find it distasteful that the broker id's are deliberately switched off on the retail accounts to make it hard to figure out what is going on.

    I always try to buy at times like these, and I have increased by 1/3 at 14.5 and 13c today.

    You have to approach it with the understanding that the funds doing the selling are doing it using OPM (Other peoples money). In a few months some retires will get their statements and wonder why they took another hit this year.

    From a fund managers point of view - it's ok as long as everybody else is doing it.
 
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