G'day Teddy,The problem is that the only thing that you can...

G'day Teddy,

The problem is that the only thing that you can really surmise from somebody selling is that somebody is selling. I know that it is always tempting to try to guess exactly why they are selling but it ends up being a fruitless exercise. It's a bit like trying to work out how many eggs you have left in the fridge by listening to the sound of the compressor.

Anyway, the stock market is a device for moving wealth from the impatient to the patient.