Interesting twist today. All of the predictions that PM was short or would snake the IP away from the longs, all turned out to be paranoid (as I knew they would).
PM was the only hedge fund with a commitment to NAVB. Now they're shutting down and the market dang sure doesn't like it. Like they say be careful what you wish for, paranoidians. If you didn't like NAVB with PM backing it, let's see how you like NAVB with nobody backing it.