RE: RE: RE: RE: RE: RE: RE: RE: Re: WIN on BNNSorry, I sent previous post before reading the Burgundy-BMWIN posts, and duplicated some of the points. Obviously, I'm agreeing with BMWIN. Burgundy: you can't have it both ways: (1) we will never know, and (2) it was Acuity not liking the bd.
My only point would be that both Acuity and the bd probably exaggerated a pattern that would have been there anyway. After all, selling/profit-taking has gone far beyond Acuity; just look at the volumes since the selling started.
On the bd (and I really hate to start beating this dead horse again): there is a positive side. Company (that would be us) got money at above market price; left underwriters holding the bag until sp comes back up. Looks like good timing, in hindsight. Whether it was good business depends on what gets done with the bd money, and we simply don't know that yet.
G