Situation is this IMO...very simple for opportunist to sit with a buy order well out of the money and wait until these sellers want to drive down the price to achieve their low weighted average trading price for the day. Bit of a double edged sword insofar as as some stage the value buyers will come into the market to take out the sell depth. Opportunity should exist for the whole week. Looks like a couple of smarties have woken up and are now waiting there now just below the market to gobble up any more targeted selling. Unless you had a vested interest you would be mad to sell at current price IMO.
Bearing in mind the two bigest holdings of the fund are AGO and RIV which are both up today, it seems an ideal opportunity to accumulate IMO. Plus you get the distribution due shortly.
regards DF
LRF Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
