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Who is buying...???. Chioning n picking up again...Chion.......ARHHHahahahaha
Players is buying more then selling, this support seen it for yesterday, today abit green on every stks.
teeth53 ( Date: 27-Jun-2013 00:29) Posted:
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Guess Who Was Buying Amid the June Sell-Off
http://www.cnbc.com/id/
If I'm not wrong, CNA recent px run up is due to its potential growth story.
Its NAV is around SGD0.20 or P/B ratio ~0.68. With the " shorting" spree in progress -it may be giving the feeling that things are falling apart ,like company going bankrupt or what? To others - it may present a good re-entry px or buying opportunity if they have missed out.
The investor Confidence Index has risen significantly indicating the institutions are buying into the sell off.
Just to share some thots:
Vested. DYODD
Investor Confidence Index rises in June by 11.9 points to 106.8
BOSTON – June 25, 2013 — State Street Global Markets, the investment research and trading arm of State Street
Corporation (NYSE:STT), today released the results of the State Street Investor Confidence Index® (ICI) for June
2013.
The Global ICI rose to 106.8 in June, up 11.9 points from May’s revised reading of 94.9. The increase was largely
driven by an increase in risk appetite among North American investors, as evidenced by the 11.4 point increase in
the North American ICI to 114.0 from May’s revised level of 102.6. Confidence also increased among European and
Asian institutions, with the European ICI up 4.7 points to 98.4 from a revised 93.7 in May and the Asian ICI index
ticking up to 89.1 from May’s reading of 86.0.
The State Street Investor Confidence Index was developed by Harvard University professor Kenneth Froot and Paul
O’Connell of State Street Associates. It measures investor confidence or risk appetite quantitatively by analyzing the
actual buying and selling patterns of institutional investors. The index assigns a precise meaning to changes in
investor risk appetite: the greater the percentage allocation to equities, the higher risk appetite or confidence. A
reading of 100 is neutral it is the level at which investors are neither increasing nor decreasing their long-term
allocations to risky assets. The index differs from survey-based measures in that it is based on the actual trades, as
opposed to opinions, of institutional investors.
“The robust increase in the top-line Global ICI number shows that institutional investors took somewhat contrarian
positions during the month,” commented Froot. “We witnessed selling of US equities, buying of European equities,
and significant buying of Emerging Markets equities. These reallocations run counter to price movements over the
period, though it should be noted that our data sample ends on June 21st and hence does not cover the most recent
downturn in equity prices. Overall, our data suggest that institutional investors are content to ‘take the other side’ of
these price moves.”
“With this month’s increases, both the Global ICI and the North American ICI are in ‘accumulate risk’ territory, above
the neutral level of 100, and the European ICI is close to that level,” added O’Connell. “While the prospect of an end
to quantitative easing in the US has caused a spike in bond yields and a sell-off in equities, institutional investors
have viewed this as an opportunity to add equity risk at the expense of bond holdings. We will be watching the data
closely to see if this is a one-off opportunistic trade, or a more durable valuation-based strategic trade.”
teeth53 ( Date: 19-Jun-2013 09:12) Posted:
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