<To the folks that are letting the pfds go on the cheap today..>
Yep, the volume & turnover of these PFDs are so light that all it takes is one person dumping to reprice the entire bunch. Even if only 1 or 2 are being dumped up, the arbitrage factor will get all of them in line and sagging with the ones that are being dumped on. The problem is that one dumpster tan establish a new lower trading range for these PFDS. For the same reasons of course, one buyer can establish a higher trading range.