phk

T

Took2Summit

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?
 
ended up buying pcn yesterday in my retirement account with the intention of holding it long term @ 17.34 but got nearly 4% out of it in under 24 hours and couldn't resist so sold it today for 17.93.

Will get back into this potentially in the future.

I do like PCN a whole lot more then PHK tho, PCN is only around 15% premium
 
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