Now how would they know who bought?

20060310 The statement in the rectangle, is a prime example of nonsense. How would anyone know it were local fund buying, unless they were the ones orchestrating the buying or they told people outside they were buying blue chips. The system is set up to take money away from 90% of investors/traders wh are unwary, and get unwittingly caught up in all the news, rumours and excitement of the market. Yes 90% do lose money, either realised or unrealized, but the participants in the sell side won't be seen to allude to this very real statistic. So, it is best to have a plan of action in place, with objective rules for investing or trading and always practice good money management. Most of all con't get caught up in what the system spits out, be it news headlines, rumours or inuendo.