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To: Knighty Tin who wrote (237808)4/27/2003 8:11:52 PM
From: Mark Adams  Read Replies (1) | Respond to of 436258
 
My slightly hostile and suspicious response to the latest street offerings suggests the bear market is doing it's job, at least on me. I'm still wondering about ML selling the other side of the collars (sold to execs to protect their profits without actually selling their shares) to the public as very weird zebra's.

That yield probably deserves a look at the prospectus. Especially in light of trends seeming to last longer than I think they will. I would think a CEF would have a Top 10 holdings, sector allocations and what not. The managers must have known going in what they would put in the fund.