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Re: Basin Street Blues post# 231075

Monday, 06/03/2019 7:15:24 PM

Monday, June 03, 2019 7:15:24 PM

Post# of 704134
Woodford restrictions are interesting, but not that surprising.

Concentrated bets
Less liquid stocks
Unlisted holdings

One thing those have in common is getting crushed on the downside. Forced selling of positions leads to poor sale prices, which devalues the NAV of the remaining portfolio, which leads to more selling.

The market also knows what the fund owns, and may start selling small positions quickly, which further depresses the prices for subsequent large Woodford sales.

This could get ugly.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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