When I was an a trading seminar a few weeks ago, I recall the instructor talking about funds and fund managers, and the fund rules.

He mentioned that many times a stock in a fund will reach a specific price point and will trigger a sell off because a fund rule has been triggered. The fund manager can go on and on about the merits of the stock to no avail, if the specific trigger is triggered the stock gets sold.

He mentioned things like some stocks must be over $4.00 to remain in a specific fund. If the stock in the fund gets below $4.00 it is sold. Some get sold if they break the 200 day moving average. They all have their own specific die-hard -rules and the fund manager is powerless.I am thinking about this with Genuity.

You have an analyst that tells you to buy and the value posted is $3.50. Yet you see a sell off. If you are aware of the specific fund rules and know that the trigger point is an automatic sell regardless of the fund manager's view, you can greedily pick up a bunch of shares. It is just a matter of activiating the trigger point. To me no different then looking at the stock losses set up and determining the dollar point to trigger the stop losses. It wouldn't surprise me that this happened. It is not necessarily only the retail that get manipulated. Could be a situation of it happening to a specific fund beyond the control of the fund manager. It sure looks like this may have happened based on the timing of the report and the subsequent action