Why? ALY down 6%. Even SEAW is down only 2%.
I think that makes 5 down days in a row. I can't figure out why either. GLtf
SEAW closed at 32.90 NOK = $5.35 / share. One share of ALY worth $6.33, convert it to 1.15 shares of SEAW., 1.15 x $5.35 = $6.1525, so ALY needs to come in by the close to eliminate arbitrage, no?
Is the run up over? Should I just cash in my chips and play somewhere else?