Volatility bounce are indeed a thing.PDFs as market-survivors...

Volatility bounce are indeed a thing.

PDFs as market-survivors and solid investments don't exactly have the greatest history, btw.
Guess how many have been listed, guess how many have remained listed.

https://business.gov.au/grants-and-programs/pooled-development-funds/list-of-pooled-development-funds

Tax free investment vehicle
No minimum hold time for tax-free gains
Exponential curve
Extreme concentration risk
Enforced divestment from winners fund members
Director sell-off over the past few months
No fundamentals
Losses are non-offsettable


Take your pick as to why they're a risky investment, but most daytraders won't look past the first two, because they know they can exit before the later four become a problem.
IE: if you bought lower than SP you can step off at any point with no penalty if you've already made your money.

When its crashing fast, why even bother staying onboard?
You can always buy back your shares cheaper tomorrow, or whenever a new upswing is happening.