| SL, thanks for the NAV update, it was a question I meant to ask. In the "old days", in this situation, one would be justified in saying, don't buy here, wait until it gets hit a lot lower and finally trades at a discount to NAV [maybe Sept. to Oct.]. But, is this time different? Don't have the answer of course, but if ICGE continues it's recent strength, it could be different this time. Also, this time is different in one respect..The normal Sept, Oct. thrashing already occurred in March and April. Yes, it could get hit again in Sept and Oct but downside is more like max. $10 or $15 points while the Spring Break was good for $60 on the downside. Now that was some "correction"! Mike |
