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Focus Media Holding Ltd. Message Board

  • paultradestoday paultradestoday Mar 30, 2012 7:40 AM Flag

    My View on sell off

    This looks like institutional selling spiked with stop losses getting taken out. Institutions like FOSUN that had bad quarters may be cashing in their profits at eom. For every share sold there is an enthusiastic buyer. The buyers of course are other institutions wanting to get into FMCN and they see this as their best opportunity.

    The push down could continue today. That will be a point to buy more. Not worried about auditor sign-off. They've signed every updated 13F this year and last. No reason to abort now.

    The breakdown in price burns my gut but I'm still long and getting longer today. Monday will be a great day.

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