Investment Funds selling off NPN

[cooldog]

Whats changed in the future outlook for NPN? As soon as it moves up 20 to 40 rand it comes back. Do investment funds hold this type of high volatilty stock for the long term?

[markeyMark]

Why would investment funds with a long-term view be worried about short-term R20-R40 (1%to3% on this stock) movements? Just not sure how many funds with a long-term view would hold a stock with a PE of 80?

[#3]

well, for a start - the same ones that created a PE of 80 in the first place. You think there are enough retail investors to influence the price of a R500bn market cap company?