When recent listing IPO (Agricultural Bank of China) in china kept their listing price at lower end,actually company taken more institutional investors In.Basically these mangers take out their money at bumper listing day with profits,in case of ABC listing stock didn't gone as much as mangers expected.
I strongly believe most of these fund mangers trade in asian market (ie,rotating trades) and invest in US .So when funds in china got trapped ,they sold their investments in those stocks and commodities (Ex: GOLD fell $18 on friday)in lower levels at US to raise liquidity.
So obvious question ,Why Sold investments in US ?
Simple answer all Indicies of US trading below it long term support levels,and reports coming from FED also was not encouraging.
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