Thank you all for your replies - seems like a lot of commonality in observations and sentiment.
As I was thinking about what to do next today while reading your replies, it occurred to me that we're totally dependent on others taking the losses in box opening in order to support our ability to pursue singles.
I guess that's our dependent relationship with breakers/break participants: while they have pushed many out of opening their own wax and buying spots, this new(?) breed of break participant, by selling their hits, is what's fueling own ability to locate singles that would otherwise remain sealed in unopened wax (and in turn, taking the large losses on breaks and in sales revenue compared to the costs of break spots/the cost of unopened wax that they broke).
And perhaps as a follow-on, if the breakers/break participants stop buying because they no longer have the loss tolerance (or aren't getting enough on the secondary market to mitigate their losses from the hits they do get), then one would think that would (or could) likely reduce the cost of unopened wax by reducing demand for break spots...
And therein create a route to going back to reasonable wax prices? Maybe.
