Just to put it into perspective ONLY 1,826,000 bonds have been...

Just to put it into perspective ONLY 1,826,000 bonds have been traded this financial year so since BBI have tanked there is only that number of sales. This equates to about 9 million BBI shares have been purchased at a low price. The municipal institutions have all paid a $1 and seen their bond value reduce to 15 cents. Whilst they may want to get $1 worth of value back, any price well in advance of 15c is a good recovery. At A10.5c they get back their dollar (and still have half of their bonds) at 5.25c they have got half of their funds back and expet to get fair value for the other half of their bonds in November 2009.

In my opinion that .052 is the mark at which large scale selling will stop once the municipal bon holders get their act together.