Not-so-smart share sellers
Published 09/05/2014 | 11:00
SURELY it is obvious that all these clever people who "knew" that Royal Mail shares were cheap would have known they were cheap before the sale and would, therefore, have kept them for a week or so to watch the shape of the rising or falling curve of market prices before rushing to sell?
That fact of large, immediate sales is evidence that the original purchasers of the shares did not expect to discover that they were so under-priced as now appears.
If they were so smart they would certainly have held on – and done a whole lot better.