SNSN schreef op 14 november 2016 14:15:
For today: PP=2.704
Resistance: 2.724
Support: S1=2.668; S2=2.649
Following p/v/t-distributions till ~14.00 last session (Nov 11) there were NO speculative 'profitable shares' under 2.70 at all.
The only investors that owned kpn-shares before 2015 could make profit by selling under 2.70.
Within last session Nov 11 around ~12.0 M shares were sold out under 2.70.
Again, around ~6.0 M shares were sold out under 2.70 today.
So, the total 'negative balance' is around ~18.0 M till now.
That is either:
i) small/mid-size investor(s) that stepped in well before 2015 are getting out, which is unlikely, as would be unprofessional, given the stock was around ~3.6 for a long time (as well as due to some other reasons), or
ii) just small/mid-size (active) investors/traders are just "shorting" step-by-step, imposing an artificial 'fake trend' (supported by a number of small retailers randomly taking "small losses" voluntarily).
Given some indications, current trading is just comp optimized following tech strategies...
There are no basic reasons for stock to fall, except just one objective --> "to make CS a bit more poor" (though, he is actually 'neutral' in kpn and will always be OK at 'maturity')
So, don't take losses voluntarily if you don't want to pay for the profit of profs playing 'short'
Take care