The dynamic has changed overnight with the increase in the BIP price from USD 17.81 to USD 18.42. Accepting the AUD-USD at .9233, that gives an implicit PIH price of AUD 4.78, up from AUD 4.65 yesterday.
There is a growing case for hanging on and accepting BIP units.
Disclaimer: These numbers a rough and dirty and take no consideration of differing brokerage or spreads on FX transactions. DYOR and DYOC (calculations).
PIH Price at posting:
$4.57 Sentiment: Hold Disclosure: Held
