Exactly @xmanrocks - risk vs reward makes no sense here, and the "smart money" (read: just deeper pockets than all of us combined!) is derisking as the market allows.
Why would I buy here with no potential upside for a BRL win, when the potential downside is very, very much material if they lose? If they win, I can buy in with certainty around fundamentals - if I stay out here, I have no downside risk.
Very good example of weighing up risk vs reward and why it should be in every savvy investors playbook at Chapter 2 or 3!
BRL Price at posting:
15.0¢ Sentiment: None Disclosure: Not Held
