Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (16143)	4/12/1998 7:48:00 PM
From: Bonnie Bear	Read Replies (1) of 94695

Jim: I like closed-end funds for this reason. (1) you can put a stop-loss on them like a stock (2) there's a provision in many closed-end funds to let them buy back shares of the fund when it's cheap and use leverage on the way out of a bear. I parked some money this year in Royce CEFs i bought at 20% discount to NAV, I'm perfectly happy to do nothing and let them buy back shares during kahunas.

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