Yes it is funny to hear the shorts say that institutions just buy stock in a company for no reason, as if they don't care about potential, financing, management, market, sector or changes/demand or problems/ issues in the world. The managers just get up, go to work without a strategy they start at companies beginning with an A at the begining of the week and work through to Z, the next week they sell A thru Z just randomly, the following week they start over again, for no rhyme or reason just buying and selling. Performance of the fund apparently has nothing to do with the fundamentals of what is included in their portfolio.
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