For most companies, the problem is not so much the selling pressure as a lack of buyers. There are numerous examples of share prices being pushed sharply lower by sales of a few thousand shares.

Most of the commentary that I read and the people I talk with concur that the markets will rebound, pointing to September as the most likely turning point. With that outlook, there has not been a hurry to take advantage of bargains at this time. As a result, the prices just keep sagging when shareholders insist in selling.

Companies with good management and good projects are generally being rewarded for positive news. There were setbacks over the past couple of weeks, but quite a number of companies have realized substantial gains in value even as the markets trended downwards over the course of this year.

Those high-quality companies will continue to attract investor interest and will almost certainly be trading at higher prices as the summer comes to an end. Those investors who wait until September will pay significantly more for the good companies – or alternatively, they will get the second or third tier companies at what appear to be bargain prices. got from another PB