This is the ugly side of "window dressing"g" 17 minutes ago one of the big fund's is selling off PVR at the end of the quarter...don't want to show a big loss position when they issue their statements. 6 times the volume on the last day of the quarter. Need to ride it out until the distribution nears.
I agree about the heavy volume breing that iyt`s the last day of the 1st Quarter. And your reason is far more plauseable than most i`ve heard.But if i`m smart enough to own PVR at a Profit until now that is, The Big boys at the Funds Shouldn`t be showing a loss on PVR especially given the 8% yield.
At the end of 2011 I watched VALE get hammered daily. I bought it just before Y/E and sold late Jan...23% profit in less than a month. These guys don't want to show their losers...so they sell. It creates a great buying op for those who can wait it out. By the end of April, this will be in the $24 range...but hey, this is based on no new info coming out (either good or bad) JMHO