PCI Investor Q&A Call, page-4

The timing was all down to luck and the decision to buy was based on price and my confidence in the manager.
The market at the moment is extremely volatile and I have been using the volatility to trade some positions.
My view on PCI was that it was oversold by nervous investors, or someone who wanted to get for another reason, and I found the discount way too big for a conservative fund that is being managed by an experienced manager who works for a conservative funds ,management house.

I still believe that this will track higher and I continue to hold my initial parcel that I purchased in June this year. The parcel that I purchased last week I disposed of this morning, as I have made a quick 5.5% on that capital when I include the distribution that I picked up with it.
I have become a lot more conservative in the current market and apart from a few long term holdings I have essentially been trading the volatility where I can.