And for these reasons I dont believe we will see much happen here...or at least not with my capital.
If this gets prolonged as I expect it might, I think when the PXUPA's start trading in single dollars, I would be tempted to revisit.
It is not a case of people bought at $100 so they will never sell for $10. Whilst infact I am sure many passive sleepy holders still hold from issue....once the distributions were put on hold, many of the instos would have exited then for a loss, as their mandate simply did not allow them to hold. Then those who bought that stock have continued to see the price erode, and many will hit their stop loss and exit. So those selling at $10 may have bought at $17-25 and will see it as an opportunity to write off the loss and move on.
Many of the holders today are second or third owners of that script....making the loss more bearable.
See you in 6 months.
SRS Price at posting:
6.8¢ Sentiment: None Disclosure: Not Held
