RE:Partial cover of short positionSure, the premium hasn't been this low for a very long time. However, another missed payment or two ought to cause investors to question the appropriate premium that a non-paying investment deserves.
The significant decline in the short position is also an important consideration as it should result in less buying support.
Unless the markets continue to rise, I suspect the premium/discount of the two classes of shares will head in opposite directions, meaning the capital shares will see their premium decline significantly with each missed payment.
Mmb060 wrote: Covered part of my short position at 5.18 (48c premium)...