The problem is that all those shares had already risen enough. People who bought them now keep asking 'Why our stocks are not growing' - and they are not rising exactly because those people already bought them. The price is high.
More Quotes from Marcos Basaglia:
The rates prospects are giving courage to people. They want to buy one day before the market rises and many are betting that it will rise more tomorrow.Marcos Basaglia
When the market is low such news (rate cut) push up the stocks a great deal. But now, when the bourse is scraping its highs, it is hard to spark up more than a short-term trend.
Marcos Basaglia
There is a lack of volume, a lack of interest, a lack of liquidity at this level. The market is well apathetic.
Marcos Basaglia
If the government does not have a majority (in Congress), getting its tax objectives and other measures approved would not be so easy.
Marcos Basaglia
People are still worrying over the Argentina situation.
Marcos Basaglia
The telephone stocks had a good run at the start of the week, so investors are taking their profits.
Marcos Basaglia
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