heard that a lot of instos at placement circa $17, sold at...

heard that a lot of instos at placement circa $17, sold at $20....
overall insto position hasn't changed...even with the placement.

As for retailers...it looks as the holders are as tuff as nails...and even probably loaded up last Dec, increasing this toughened cohort.

Instos were likely hoping to shake off holders...but likely very little progress in that end.

The negative comments from media had actually helped holders buy at a bargain. Thanks instos...

but, as instos, be it medium, large or sovereign...would like to screw retailers...SP direction is at their hands...