Smart,
How do you know the drawdown period lasted from the 3rd to the 16th of March?
If that is the case then it appears that RRL/RRS coped very well considering the Japan disaster, Middle East turmoil and the selling/shorting of 42m shares by Dutchess during this period.
Would I be correct in thinking that the 42m shares are already absorbed and Dutchess do not have any more to sell/short.