SNSN schreef op 6 november 2013 10:10:
Yes, the fair value is ~ 4.0 A large volume still locked above ~3.0 and can't get out. New financials and other advantages will start working very soon.
Again, undervalued kpn is a unique "risk-neutral" fund NOT correlated (beta=0.03) with (overvalued) aex and other indices. So, both market & default risks are (almost) zero at high upwards potentials. Such funds become very attractive for institutionals/pension-funds especially at rising market volatility and increasing expectations for market corrections.
Given systemic rising trend since Oct. 17 (with reasonable volume and good derivative) the prob is high that some parties with mid/long-term objectives started to build up their positions.
Mid-term price target is ~ 3.2