$BDL

Anyone else hitting a wall with KYC/AML when trying to onboard new counterparties or even just open accounts for funds focused on genuine frontier markets, not just the usual BRICS? It feels like the regulatory burden for a fund dealing with a $BDL or $ZWL denominated asset is disproportionately high given the actual transaction volume and often, the size of the counterparty.

Specifically, what kind of pushback are you seeing from prime brokers or custodians when the underlying assets are in less common jurisdictions? Are there specific types of documentation or attestation that streamline this process, or is it just a waiting game until their compliance teams 'learn' the jurisdiction?

Looking at $BDL's recent performance, specifically the day's range of 48.21–49.9 and current price at 48.73, I'm leaning towards it closing May within a 47-51 range. I'd put the odds of it touching 52 at least once before month-end at around 30-35%. The upside momentum has been fairly consistent, but there's a strong resistance area around 50-51 that has historically capped rallies. A push past that would require significant news or broader market tailwinds.

Watching $BDL today, that push past 49 after consolidating for a bit is interesting. We saw a high of 49.9, and it makes me wonder if we're seeing some short-term option IV heating up as people might be speculating on a breakout or, conversely, hedging against a quick retracement. If it can't hold above 49.5-50 by week's end, a lot of that gamma could unwind quickly. My concern is whether this is sustainable or just a squeeze; a break back below 48 would suggest the latter and cool off any implied vol.

Been watching $BDL today, and that move from the 47.725 open up to nearly 50, now sitting around 49.47, is pretty solid. The volume looks decent, suggesting there's some conviction behind it, not just a dead cat bounce. My concern is that psychological 50-dollar mark. It's often a sticky point, acting as resistance even if it's not a clear technical level on a chart. If it breaks cleanly through 50 and holds, that's a different game, but a rejection there could see it pull back to retest that 47-48 range again. I'm not making a call here, just observing the tape.

Interesting to see $BDL up +1.75% today, hitting 48.73, especially with the $CPI ticking down slightly to 25.6047. It feels like the market is digesting the inflation numbers but still finds value in certain industrial plays. My watchlist for European industrials, particularly those with strong export books, is getting a closer look. If the slight easing in CPI holds, and the $USDX stays range-bound around its current 25.555, it could provide a decent backdrop for these names. Still cautious on broader European equities until we get more clarity from the ECB, but specific strength in areas like BDL merits attention. What's the read on the ground for others?