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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


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