RE:RE:Under the radar income fund...wolverine99 wrote: Mouserman, you are correct, for the moment it looks you and I have this board to ourselves, how civilized. Got into this one last week, LBS & BK yesterday ,balance to FTN who I also have at a high entry point so sticking with it, hoping Feb. Divvy is back on!
FTN definitely safe at this point, likely around UNIT NAV of 15.20 or so today.
However with over 50% premium to NAV it is highly overvalued.
I suspect shorts having to cover , or being forced to cover.
FFN making a big move today as their NAV now over the threshhold as well. They have a heavier wieghting in US financials as compared to FTN.. and those stocks have a banner day today.