RE:BK unit nav to Feb 17 = $24.98We're heading into a long weekend in the US and Canada.
Unless something drastic happens and the banks start losing value/earnings as a result, BK should be able to sustain its present levels.
The only fly I can see in this ointment is whether or not the 15% payout is temporary or was just put in place to raise the unit price ahead of the offering.
I tried again to sell my units near the top, because I felt the pullback from that level would more than justify buying back in, appx a buck lower.
Nothing sold. My fault, I put in a set price that I wanted and an all or nothing stipulation.
Relatively large amounts of this Fund can be difficult to sell and at times even more difficult to purchase.
I don't have the resources to see who's doing the trades, other than the institutions they're being traded through, on my Level II charts.
Considering those institutions, IMHO, most of the trades are being made by day traders and swing traders.
This type of volatility is difficult to trade.
I played that strategy with other investment vehicles, including crypto miners. I did well but what a ride. It's a strategy for those that have more resources at hand than I do.
My hat is off to those that saw this last offering coming. Went right over my head and I should know better.
I don't believe the minor swings in nav or the premiums to them are having much effect on the prices, other than for day traders. For them, this sort of volatility is a dream come true.