Not every day retail guys can buy into coaler at a 45% discount to Institutional and SI's placement of $1.00.
Thank goodness that the capital was raised then and not now!
Those guys probably shorted BND to these levels so as to buy back and average their entry price, then they will let the SP run and offload some imo at around $1.00-$1.20 range.
So long as the global markets can get their act together.
In two years time some may look back at the chart and wonder what drove the SP to these levels.
BND Price at posting:
55.0¢ Sentiment: LT Buy Disclosure: Held