HT, what a wonderful scenario for a easter thursday afternoon. Well, if that confluence of events and irrational behaviour were to occur prior to us moving through the creditor share overhang and we saw 1.2 to 1.5 for a spell then I'd be pissed that I'm 3-4 points off the best possible decent volume entry point available. I don't have time to day trade too many other demands on my brain though I would love to do one day in next few years for fun. Anyway if I was in a position to do that then I might hedge my bets harder but in your scenario long term value is unchanged (but now we have better funding arrangements!) so I just have opportunity cost (timing driven) and therefore as it's my money I'll just absorb some red on my screen for a bit. Hope that explains. Cheers
EN1 Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held