But still believe as I have since it was 880- it shouldn’t really ever trade at such monster premium reported asset values
First it was oh in about 7 m- now after some valuations a huge 59 m and as you point out big drop in estimates cash balance
Cant see why anyone would rush in when it’s at almost double reported asset value per share now, but maybe some short covering will support trade in short term
Can’t believe professional
Managers were throwing money at it at a 600 or more premium to assets six months back- they should be embarrassed for being so reckless imo
Anyway good luck - use stops
BLA Price at posting:
$2.03 Sentiment: None Disclosure: Not Held