INP is a layup short

This thing is trading way too high above its NAV

 

When is the nav calculated?

 

daily

 

I don't see nav on yahoo finance where do you get it from?

 

I think your wrong, INP has gone up tremendously this year, and the only way is up..

India is the next China - The 4 richest men in India, are equal to the 40 richest men in China. India is the next bull market!


Sikh Investor - Buy Indian Stocks!

 

congrats to anyone who got short

 

Also I am not at all suggesting that INP will not be heading up in the future, just saying that it was unrealistic to assume that it could sustain itself at 106 dollars, almost 25 points above its nav

 

Where does someone find the NAV for this?

 

To answer my own question, in the iPath literature, they refer to INP.IV. This returns a daily quote based upon the previous market close in India.

 

Wow, you wouldn't think the arbs would let that happen...