Pavan Sharma

The stock is trading below its NTA of $7.31. Since our last report on BOQ in May at $4.85 the stock is up 42% as of the last trading session where the stock last traded at $6.91.

After our initiation of report on Argosy In July 2020 at $1.18 the stock is up 22% and now trading at $1.44 mark. On October 13th the stock touched $1.49 peak to retrace back to $1.41 showing the resistance at this level holds.

Risk appetite has weakened following fresh restrictions across London and France to bring the spread of COVID19 under control.

Global markets took a breather overnight (S&P 500 Index -0.6%) with hopes of stimulus before the election fading & as US banks were weaker on the back of initial 3rd quarter results.

The market remains unperturbed by the lack of government fiscal support, seemingly taking the view that a clean sweep by the Democrats will see a large fiscal stimulus early next year anyway, which will more than offset any concern that higher taxes might