So much for the $300k pa - IMO this is very low pricing compared to what the market was expecting. I assume the average was towards the lower end, as if it was towards the top end that would have been trumpeted. Shorted some again. Not too many as I am not sure there is much depth in lending for shorting, and suspect a stunt of some sort may arise.
I realise now that the SP probably sold off from the mid $4s, due to the ann on the 11th. IMO Many in the market recognised a smokescreen faster than I did, for 1pg missing their revenue targets.
1PG Price at posting:
$3.75 Sentiment: Sell Disclosure: Held
