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Technology Stocks : MeVC Draper Fisher Jurvetson Fund (MVC, XMVCX) -- Ignore unavailable to you. Want to Upgrade?

To: TheSlowLane who wrote (148)	10/10/2000 9:59:47 AM
From: A1BRIAN	Read Replies (1) \| Respond to of 180

MVC is trading below CASH on hand! With no debt and over $6.00 per share in investments at pre-ipo pricing, I just can't believe that the stock would trade BELOW CASH ON HAND of approx $12.92 per share,not just below net asset value of $19.16. (It is normal for closed end funds to trade below NAV but unheard of to trade below cash) This is a market anomaly which I think has to come back! So I loaded up even more at $12 5/16 yesterday and will be waiting for its inevitable rise back up. Any thoughts? Does any one know of any other closed end funds trading below cash on hand? Good luck out there! Brian