My mistake ... the HML liquidity is huge.
Say you have 1,000,000 HML shares to offload, the fact that at the moment there are only 62k bid, and only 45k traded last Friday means that the huge HML liquidity will come fron hidden off-screen bidders the moment you plonk your 1,000,000 HML shares for sale. What was I thinking ...
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Regal Atlantic Fund, does anything compare!?, page-110
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