Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: Selling pressure

Selling pressure

posted on Jul 28, 2008 07:39AM

has been incesssant for the last five days. Barclay's liquidated its position - http://www.mffais.com/kry.html. I wonder which other fund manager is too afraid to carry this stock to the next reporting period.

Don't be fussed by funds getting in and out. Most fund managers got to where they are byu making one lucky call at the right moment to make a name for themselves... but since it was luck, they don't beat the market consistently or, in many cases, ever.

However, occasionally a fund manager will take a good hard look at a stock and go all in. They usually have a good thesis to support doing so. Tradewinds has made a huge bet on this company... add in the other Nuveen funds in this stock, and the scale of their bet becomes apparent.

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