Registered: Jul 2011
10-10-12 06:37 PM
anyone know what's going on with phk?
I normally dispise these posts but i've done everything i can to figure out. this thing has shaved 40% of its value in the last 3 days with no end in sight. I was considering opening a position in this about 2 weeks ago and obviously happy i didn't, but wondering if now would be a good time. i'd just like to know why the 40% haircut in 3 days..
i know it trades at a 70% premium to NAV, which is why i didn't open a position. but would that be reason enough to lose 40% in 3 days? i mean its been at 70% NAV for a long time and in 3 days everyone decides to wisen up?