If Trent has to do it, we have to ask ourselves why IMHO. The updated Top 20s are good but why are they there?
Good to see Arredo holding (that I am sure of), but the gains where they play a part of....anyway, maybe she's cheap. More transparency is needed - the BRRs ofmany, not just CVI, tend tomake me believe that the constant updating of the market has more to do with the SP, rather than long terms a/holder value. I'm pretty cynical now and for heaven's sake she has been traded like buggery for so long.
Out for the moment. Most of the sell down has to do with global macros IMO, but when I saw the $100m "facility", it became a formula play. I reckon she leaks.
Luck to all.
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i do not like the look of the chart, page-9
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