what floor price?, page-36

Numis, I always get the impression that these sudden plunges and subsequent recoveries have the effect of taking out the loosed hands on the register. We had a similar event with ORE with the YPF renationalisation. But for some reason the loose ones just end up getting back into the register :/

Further to Thornie's link:
http://www.bloomberg.com/news/2012-11-27/argentine-bonds-rally-as-government-may-debate-holdout-payments.html

Its much ado about nothing. I don't think an equity fund should have the power to force a default, other bondholders were payed out 30c in the dollar, why NML capital think they deserve special treatment is beyond me.