I sold most of my holding at an average price of 13 cents, because: -The probability of retaining the UBS properties has increased -But the probability of doing so without a placement or pro rata share issue has decreased -The probability of a wind- up of the trust has decreased from low to very low -The price went up when the pending financial results were obviously going to be worse than the previous half -There are better value stocks
This stock is ok for a very small holding though.
RNY Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held